Show me how to post my homework

Just do my homework!

  • HTML tags will be transformed to conform to HTML standards.
  • Add rel="nofollow" to external links
Tutorial
Submitted by KnowledgeCats on Mon, 2013-09-16 09:30
due on Fri, 2013-09-20 09:29
answered 1 time(s)
KnowledgeCats is willing to pay $12.00
KnowledgeCats bought 565 out of 6435 answered question(s)

CHAPTER 7 - LONG-LIVED NONMONETARY ASSETS AND THEIR AMORTIZATION

CHAPTER 7 - LONG-LIVED NONMONETARY ASSETS AND THEIR AMORTIZATION Problem 7.1-7.5

Answer
Submitted by KnowledgeCats on Mon, 2013-09-16 09:35
teacher rated 41 times
3.12195
price: $12.00

Solutions to CH7 - LONG-LIVED NONMONETARY ASSETS & THEIR AMORTIZATION Problems

body preview (0 words)

file1.docx preview (429 words)

xxxxxxx x

LONG-LIVED xxxxxxxxxxx xxxxxx AND THEIR xxxxxxxxxxxx

Problems

xxxxxxx 7-1

With units-of-production xxxxxxxxxxxxx one finds the cost of one xxxxxxxxxx unit, and xxxx multiplies this xx xxx units xxxx xx x xxxx xx xxxxxxxxx xxx xxxx’x depreciation:

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Years

Units

x

xxxx

x

xxxxx xxxxxxxxxxxxxxxxxxxxxxxxxx

xxxxxxxxxx

x

xxxxxxx

x

xxxx

=

$ xxxxxx

xxxxxxx

xxxxx x $282,000)

2

800,000

x

.08

=

64,000

xxxxxx

xxxxx x 282,000)

3

580,000

x

xxx

=

xxxxxx

53,714

xxxxx x 282,000)

4

xxxxxxx

x

xxx

x

40,000

xxxxxx

(3/21 x xxxxxxxx

5

xxxxxxx

x

.08

x

xxxxxx

26,857

xxxxx x xxxxxxxx

x

300,000

x

.08

x

24,000

xxxxxx

(1/21 x 282,000)

3,525,000

xxxxxxxx

xxxxxxx

Problem 7-2

xxxxxxxxx xx #103

xxxxxxxxxxx

Dr. xxxxx

14,300

xxxxxxxxxxx xxxxxxxxxxxxx

59,755*

xxx xxxxxxxxxx

70,300

Gain on Sale xx Equipment

xxxxx

xxxxxxxx x xxx x 8 ½ xxxxx = xxxxxxx

Equipment xx xxxx

xxxxxxxxx

Dr. Cash

xxxxxx

xxxxxxxxxxx xxxxxxxxxxxx

26,640*

Loss xx Sale xx xxxxxxxxxx

6,360

Cr. Equipment

xxxxxx

xxxxx 1, ($96,000 x xxxxx ½ xxxxx = xxxxxxxx Year 2, xxxxxxxx x 30%)( ½ year) x xxxxxxx

xxxxxxxxx xx #573

xxxxxxx

Dr. xxxxx

xxxxxx

Accumulated xxxxxxxxxxxxx

49,500*

Loss on xxxx xx Equipment

7,000

Cr. Equipment

94,500

xxxxxxxx x 11/21 = xxxxxxx

Problem 7-3

xxx

Automobile xxxxxx

xxxxx

Accumulated Depreciation xxxxxx

xxxxxx

- - - more text follows - - -


Buy this answer

Try it before you buy it
Check plagiarism for $2.00