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Survey of Accounting (Available Titles Cengagenow)

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Problem 7-3 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 either beside or below an incorrect answer. a. Straight-line method: 2008: [( - ) ÷ ] x = 2009: ( - ) ÷ = 2010: ( - ) ÷ = 2011: ( - ) ÷ ] x = b. Double-declining-balance method: 2008: x x = 2009: ( - ) x = 2010: ( - ) x = 2011: ( - ) - = Instructions Depreciation Expense Depreciation Expense
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Problem 7-3 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 (*) will appear either beside or below an incorrect answer. a. Straight-line method: 2008: [( $48,600 -$3,000 ) ÷ 3 ] x 1/2 = $7,600 2009: ( $48,600 -$3,000 ) ÷ 3 = $15,200 2010: ( $48,600 -$3,000 ) ÷ 3 = $15,200 2011: ( $48,600 -$3,000 ) ÷ 3 ] x 1/2 = $7,600 b. Double-declining-balance method: 2008: $48,600 x 2/3 x 1/2 = $16,200 2009: ( $48,600 -$16,200 ) x 2/3 = $21,600 2010: ( $48,600 -$37,800 ) x 2/3 = $7,200 2011: ( $48,600 -$45,000 ) -$3,000 = $600 Instructions Depreciation Expense Depreciation Expense...
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