On September 1, 2010, Barcelona purchased equipment costing $50,000, with an estimated life of 5 years...
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On September 1, 2010, Barcelona purchased equipment costing $50,000, with an estimated life of 5 years and estimated residual value of $2,000. Compute depreciation expense for Barcelona for 2010 assumingB a) Straight-line depreciation method with fractional periods rounded to the nearest full month b) 200% declining balance, using half year convention. c) 150% declining balance method with fractional periods rounded to the nearest full month. On September 1, 2010, Barcelona purchased equipment costing $50,000, with an estimated life of 5 years and estimated residual value of $2,000. Compute depreciation expense for Barcelona for 2010 assumingB a) Straight-line depreciation method with fractional periods rounded to the nearest full month b) 200% declining balance, using half year convention. c) 150% declining balance method with fractional periods rounded to the nearest full month.
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Straight Line Method 50000 5 9600 9600x 200 Declining Bala... View the full answer
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Posted Date:
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