AC116_Unit 4 - 2009 Err:511 Err:511 Err:511 2010 Err:511...

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Problem 10-2A Name: Section: Enter the appropriate amounts in the shaded cells below and the table will complete itself. A red asterisk (*) will appear below an incorrect amount. Calculations: Straight-line method: ( $380,000 - $36,000 ) ÷ 4 = Err:511 per year Err:511 Err:511 Err:511 Units-of-production method: ( $380,000 - $36,000 ) ÷ 8,000 = Err:511 per hour Err:511 Err:511 Err:511 2009 3,000 @ Err:511 = Err:511 Err:511 2010 2,500 @ Err:511 = Err:511 Err:511 2011 1,400 @ Err:511 = Err:511 Err:511 2012 1,100 @ Err:511 = Err:511 Err:511 Declining-balance method: 2009 $380,000 x 50% = Err:511 Err:511 Err:511 2010 ( $380,000 - $190,000 ) x 50% = Err:511 Err:511 Err:511 Err:511 2011 ( $380,000 - $285,000 ) x 50% = Err:511 Err:511 Err:511 Err:511 2012 ( $380,000 - $332,500 ) - 36,000 = Err:511 Err:511 Err:511 Err:511 Depreciation Expense Units-of- Declining- Straight-Line Production Balance Year Method Method Method
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Unformatted text preview: 2009 Err:511 Err:511 Err:511 2010 Err:511 Err:511 Err:511 2011 Err:511 Err:511 Err:511 2012 Err:511 Err:511 Err:511 Total Err:511 Err:511 Err:511 Problem 10-6A Name: Section: Enter the appropriate amount or account in the shaded cells. An asterisk (*) will appear next to an incorrect item or amount in the outlined cells. 1. a. Amount of amortization, depletion or impairment: $20,000,000 b. Amount of amortization, depletion or impairment: $33,750 c. Amount of amortization, depletion or impairment: $444,000 2. JOURNAL Description Debit Credit a. Loss on Impairment of Goodwill $20,000,000 Goodwill $20,000,000 b. Amortization Expense - Patents 33,750 Patent 33,750 c. Depletion Expense 444,000 Accumulated Depletion 444,000...
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This note was uploaded on 03/27/2012 for the course ACCT AC116 taught by Professor Hobbs,j during the Spring '10 term at Kaplan University.

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AC116_Unit 4 - 2009 Err:511 Err:511 Err:511 2010 Err:511...

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