Chapter 8 ( 3 questions) - How to calculate the Net Book Value of an asset = The cost - accumulated depreciation - Know how to calculate depreciation using straight line and accelerated 1. ABC purchases a new fixed asset on January 1 and pays cash. The total cost is $26,000. ABC expects to use the truck for 5 years and that the salvage value of the truck after 5 years will be $6,000. What is the depreciation expense for year 1 using the accelerated ( 200% double declining balance method)? Chapter 9 (2 questions) - know your payroll entries - questions similar to the homework and last exam where you would adjust for the various taxes on your employee pay - know warranty expense - like for example if you have a percentage of sales for warranty costs - what is the warranty expense for the year. Chapter 10 ( 3 questions) - Know your PV and FV of bonds - like for example if you invest $2,000 today @ an interest rate of 4% - compounded annually - how much is it worth in 5 years (2 CALC QUESTIONS UIKE THIS) 1. ABC issues a bond when the market rate is greater than the coupon rate for the bond. What is the entry to record the issuance? Chapter 11 ( 3 questions) - Know how to calculate retained earnings and ending equity balance calculations similar to exam 3. For example the question below 1. A company had 1,000,000 authorized shares, 200,000 issued shares, and 100,000 outstanding shares when it declared and paid a $1 dividend per share to shareholders. What is the impact to Retained Earnings as.. resuit of this dividend