8. $264,000 $105,600 $281,600 $158,400 6. $95,040 $57,024 3 $158,400 $63,360 $344,960 10 $95,040 $38,016 $382,976 11 4 $57,024 $17,024 $400,000 $40,000 12 Multiple Choice =+89-C9 E8-C9 +$B$2-D9 +89-D9

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
$440,000
$176,000
$176,000
$264,000
1
$264,000
$105,600
$281,600
$158,400
2
$158,400
$63,360
$344,960
$95,040
10
3
$95,040
$38,016
$382,976
$57,024
11
4
$57,024
$17,024
$400,000
$40,000
12
Multiple Choice
=+89-C9
+E8-C9
+$B$2-D9
+B9-D9
5
8.
Transcribed Image Text:$440,000 $176,000 $176,000 $264,000 1 $264,000 $105,600 $281,600 $158,400 2 $158,400 $63,360 $344,960 $95,040 10 3 $95,040 $38,016 $382,976 $57,024 11 4 $57,024 $17,024 $400,000 $40,000 12 Multiple Choice =+89-C9 +E8-C9 +$B$2-D9 +B9-D9 5 8.
Which of the following formulas would be INCORRECT in cell E9?
C
D
E
1
2 Cost
3 Salvage
4 Life (in years)
$440,000
$40,000
January 1 book Depreciation
Year
Accumulated
December 31
7
value
Expense
Depreciation
book value
8
1
$440,000
$176,000
$176,000
$264,000
$264,000
$105,600
$281,600
$158,400
10
3
$158,400
$63,360
$344,960
$95,040
11
4
$95,040
$38,016
$382,976
$57,024
12
$57,024
$17,024
$400,000
$40,000
Multiple Choice
+89-C9
56
Transcribed Image Text:Which of the following formulas would be INCORRECT in cell E9? C D E 1 2 Cost 3 Salvage 4 Life (in years) $440,000 $40,000 January 1 book Depreciation Year Accumulated December 31 7 value Expense Depreciation book value 8 1 $440,000 $176,000 $176,000 $264,000 $264,000 $105,600 $281,600 $158,400 10 3 $158,400 $63,360 $344,960 $95,040 11 4 $95,040 $38,016 $382,976 $57,024 12 $57,024 $17,024 $400,000 $40,000 Multiple Choice +89-C9 56
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