07-04Pr_5e_s

Survey of Accounting (Available Titles Cengagenow)

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Problem 7-4 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. 1. Accumulated Depreciation Depreciation, Book Value, Year Expense End of Year End of Year a. 1 2 3 4 b. 1 2 3 4 2-3. Assets = Liabilities + Stockholders' Equity Accumulated Retained Cash + Equipment - Depreciation = + Earnings 2. 3. Instructions
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Problem 7-4 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 in the column to the right of an incorrect answer. 1. Accumulated Depreciation Depreciation, Book Value, Year Expense End of Year End of Year a. 1 $33,300 $33,300 $110,700 2 33,300 66,600 77,400 3 33,300 99,900 44,100 4 33,300 133,200 10,800 b. 1 $72,000 $72,000 $72,000 2 36,000 108,000 36,000 3 18,000 126,000 18,000 4 7,200 133,200 10,800 2-3. Assets = Liabilities + Stockholders' Equity Accumulated Retained Cash + Equipment-Depreciation = + Earnings 2. $19,750 $(144,000) $126,000 $1,750 3. 14,900 (144,000) 126,000 (3,100) Instructions...
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07-04Pr_5e_s - A red asterisk (*) will appear in the column...

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