302 ch. 11 - SV 35450 EUL 108 328.24 cost 38000 mo 9...

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plant asset purchase price 180000 residual value 14000 Estimated useful life 10 Straight line % 0.1 *2 Declining balance 36000 year 2 28800
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plant purchase price 30000 residual value 3000 estimated useful life 5 27000 sum of the year's digits year 1 0.33 2 9000 0.27 3 7200 0.2 4 5400 0.13 5 3600 0.07 6 1800 0 7 0
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BV  25,000,000   6,500,000   5,000,000   3,500,000   2,600,000   2,600,000   2,600,000   (1,500,000)  3,000,000  sum  24,300,000  impairment exists PV $18,158,572  Amount  (6,841,428)
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7/1/2005 36000 total cost 38000 fob 500 SV 2500 install 1500 35500 total cost 38000 EUL 10 Acc. Dep 3550 total cost 38000 old machine 46000 SV 3550 BV 34450 replacement 3500 0 37950 46000 2500 recognize
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Unformatted text preview: SV 35450 EUL 108 328.24 cost 38000 mo 9 replacement 3500 2954.17 new cost 41500 Acc Dep 6504.17 BV 34995.83 0.11 new asset 46000 new 41000 BV 34995.83 defer gain 9808.06 Gain 11004.17 cost basis 31191.94 rec. gain 1196.11 expenditures 1500 Deferred 9808.06 total new 32691.94 SV 4000 28691.94 EUL 120 acc dep. Mo. 239.1 no. months 9 2151.9 8000000 1500000 960000 10960000 840000 10120000 2000000 6.75 600000 4048000 400000 2698666.67 2,100,000 2100000 600,000 750000 750,000 600000 3.6 2.25 750000 190000 10000 8 $38,750.00...
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This note was uploaded on 05/26/2011 for the course ACCOUNTING 101 taught by Professor Smith during the Spring '11 term at San Diego State.

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302 ch. 11 - SV 35450 EUL 108 328.24 cost 38000 mo 9...

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