Text Questions Chapter 11 -12

Text Questions Chapter 11 -12 - Text Questions Chapter 11...

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Unformatted text preview: Text Questions Chapter 11 & 12 University of Phoenix ACC/422 Instructor: Steven Sanders By Scott Ward Ch. 11: Exercise E11-4 A) straight-line 315,000 15,000 = 300,000 300,000 / 10 = $30,000 B) Units-of-output 300,000 / 240,000 = 1.25 25,500 x 1.25 = $31,875 C) Working hours 300,000 / 25,000 = $12 2,650 x 12 = $31,800 D) Sum-of-the-years-digits 10/55 x 300,000 = 54,545 54.545 x 1/3 = 18,182 9/55 x 300,000 = 49,090 49,090 x 2/3 = 32,727 18,182 + 32,727 = $50,909 E) Declining balance (@ 20%) (315,000 x .20) x 1/3 = 21,000 [315,000 (315,000 x .20)] x .20 x 2/3 = 33,600 21,000 + 33,600 = $54,600 Ch. 11: Exercise E11-11 A) No entry needed for corrections to prior year depreciation. B) [60,000 (7,000 x 5 )] = $25,000 Life (10 5) = 5 years (25,000 4,500) / 5 = $4,100 Depreciation Expense. 4,100 Accumulated Depreciation. 4,100 Ch. 12: Exercise E12-6 Patents................................................................................ Patents....
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This note was uploaded on 03/01/2012 for the course ACC all taught by Professor All during the Spring '12 term at University of Phoenix.

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Text Questions Chapter 11 -12 - Text Questions Chapter 11...

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