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

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