Chapter 8, Problem 2CP

1.

To determine

Determine the method of depreciation used by the Company U.

2.

To determine

Determine the amount of depreciation and amortization at the end of the most reporting year.

3.

To determine

Determine the estimated useful life of furniture and fixtures for depreciation purposes.

4.

To determine

Determine the original cost of leasehold improvements owned by the Company at the end of the most reporting year

5.

To determine

Determine the amount of depreciation and amortization that was reported as expense for the most recent reporting year.

6.

To determine

Determine the fixed asset turnover ratio of the Company for the most recent year and to explain the suggestion.