Question

For each asset classification, prepare a schedule showing depreciation expense for the year ended December 31, 2011, using the following depreciation methods and useful lives:

Required:
Land improvements-Straight line; 15 years
Building----150% declining balance; 20 years.
Machinery and equipment--- Straight Line; 10 years,
Automobiles---150% declining balance, 3 years.

Depreciation is computed to the nearest month and no residual values are used.



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  • CreatedJuly 02, 2013
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