homework2-2010-key

homework2-2010-key - Name _ Date _ 1 I. ASSET VALUATION AND...

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Name ___________________________________ Date _____________________ 1 I. ASSET VALUATION AND DEPRECIATION EXERCISES Assets can be valued using either a cost-based valuation system or a market-based valuation system. For each asset listed, place a “C” in the blank under the most appropriate valuation method to use for that asset when using a cost system. Place an “M” in the blank under the valuation method that should be used under a market based valuation system. Valuation Methods Farm Cost less Production Market Cost less Production Market ASSET Depreciation Cost Cost Value Tractor C M Grain sorghum in storage C/M Purchased Feeder cattle C M Purchased beef breeding cows C M Raised beef breeding cows C M Wheat crop growing in field C/M Land C M Hay barn C M
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II . STRAIGHT LINE DEPRECIATION The next two problems provide a closer look at Straight Line versus Double Declining Balance Depreciation. In these problems, assume all machinery is bought at the first of the year. Machine
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This note was uploaded on 11/15/2011 for the course AGEC 7100 taught by Professor Duffy,p during the Fall '08 term at Auburn University.

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homework2-2010-key - Name _ Date _ 1 I. ASSET VALUATION AND...

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