Core Concepts of Accounting Information Systems (NEW!!)
14th Edition
ISBN: 9781119373667
Author: Mark G. Simkin; James L. Worrell; Arline A. Savage
Publisher: WILEY
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Chapter 13, Problem 7DQ
To determine
Explain the purpose of a systems specifications report and state the difference between the data in the specification report and data in the feasibility evaluation work.
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Sirus Co purchased tool sharpening equipment on October 1 for $47,250. The equipment was expected to have a useful life of 3 years or 5,400 operating hours, and a residual value of $1,350. The equipment was used for 1,000 hours during Year 1, 1,900 hours in Year 2, 1,600 hours in Year 3, and 900 hours in Year 4.Required:Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method.
FOR DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then round the answer for each year to the nearest whole dollar. (unsure if my answers are correct.
Straight line method
Year 1 __
Year 2___
Year 3___
Year 4___
Units of activity method
Year 1
Year2
Year3
Year4
Double declin balance method
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Chapter 13 Solutions
Core Concepts of Accounting Information Systems (NEW!!)
Ch. 13 - Prob. 1TYCh. 13 - Prob. 2TYCh. 13 - Prob. 3TYCh. 13 - Prob. 4TYCh. 13 - Prob. 5TYCh. 13 - Prob. 6TYCh. 13 - Prob. 7TYCh. 13 - Prob. 8TYCh. 13 - Prob. 9TYCh. 13 - Prob. 10TY
Ch. 13 - Prob. 1DQCh. 13 - Prob. 2DQCh. 13 - Prob. 4DQCh. 13 - Prob. 6DQCh. 13 - Prob. 7DQCh. 13 - Prob. 8DQCh. 13 - Prob. 9DQCh. 13 - Prob. 10DQCh. 13 - Prob. 11DQCh. 13 - Prob. 12DQCh. 13 - Prob. 13DQCh. 13 - Prob. 14DQCh. 13 - Prob. 15PCh. 13 - Prob. 17PCh. 13 - Prob. 18PCh. 13 - Prob. 19PCh. 13 - Prob. 20PCh. 13 - Do you understand PERT charts? Refer back to...Ch. 13 - Prob. 24PCh. 13 - Prob. 25CACh. 13 - Prob. 26CACh. 13 - Prob. 28CA
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