07-02Pr_5e_s

Survey of Accounting (Available Titles Cengagenow)

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Problem 7-2 Name: Section: Score: 0% Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) wil appear in the column to the right of an incorrect answer. Calculations: Straight-line method: ( - ) ÷ = per year Double-declining-balance method: 2009 x = 2010 ( - ) x = 2011 ( - ) x = 2012 ( - ) - = Depreciation Expense Declining- Straight-Line Balance Year Method Method 2009 2010 2011 2012 Total Instructions
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Problem 7-2 Name: SOLUTION Section: Score: See student sheet for student's score Scoring: ON Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited.
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Unformatted text preview: A red asterisk (*) wil appear in the column to the right of an incorrect answer. Calculations: Straight-line method: ( $380,000 -$36,000 ) 4 = $86,000 per year Double-declining-balance method: 2009 $380,000 x 50% = $190,000 2010 ( $380,000 -$190,000 ) x 50% = $95,000 2011 ( $380,000 -$285,000 ) x 50% = $47,500 2012 ( $380,000 -$332,500 ) -$36,000 = $11,500 Depreciation Expense Declining-Straight-Line Balance Year Method Method 2009 $86,000 $190,000 2010 86,000 95,000 2011 86,000 47,500 2012 86,000 11,500 Total $344,000 $344,000 Instructions...
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This note was uploaded on 11/04/2011 for the course ACC 121 taught by Professor Thomas during the Winter '08 term at Baker MI.

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07-02Pr_5e_s - A red asterisk (*) wil appear in the column...

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