The depreciation method used by Incorporation L

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Answer 1

Question

Chapter 9, Problem 9.2SDC

(1)

To determine

To find: The depreciation method used by Incorporation L

(2)

To determine

Fixed asset turnover of Incorporation L and Incorporation HD for the same period, and analyze the performance of both the companies

(3)

To determine

To explain: The effect of shorter estimated useful life of Incorporation L, on fixed asset turnover ratio in comparison to ratio of Incorporation HD

(4)

To determine

To mention: The amount of depreciation expense reported by Incorporation L for the year ended January 31, 2014, determine the percentage of depreciation in net sales, compare the percentage with Incorporation HD, and comment on the performance of both companies

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Answer 2

Question

Chapter 9, Problem 9.2SDC

(1)

To determine

To find: The depreciation method used by Incorporation L

(2)

To determine

Fixed asset turnover of Incorporation L and Incorporation HD for the same period, and analyze the performance of both the companies

(3)

To determine

To explain: The effect of shorter estimated useful life of Incorporation L, on fixed asset turnover ratio in comparison to ratio of Incorporation HD

(4)

To determine

To mention: The amount of depreciation expense reported by Incorporation L for the year ended January 31, 2014, determine the percentage of depreciation in net sales, compare the percentage with Incorporation HD, and comment on the performance of both companies

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Answer 3

Question

Chapter 9, Problem 9.2SDC

(1)

To determine

To find: The depreciation method used by Incorporation L

(2)

To determine

Fixed asset turnover of Incorporation L and Incorporation HD for the same period, and analyze the performance of both the companies

(3)

To determine

To explain: The effect of shorter estimated useful life of Incorporation L, on fixed asset turnover ratio in comparison to ratio of Incorporation HD

(4)

To determine

To mention: The amount of depreciation expense reported by Incorporation L for the year ended January 31, 2014, determine the percentage of depreciation in net sales, compare the percentage with Incorporation HD, and comment on the performance of both companies

Expert Solution & Answer

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Answer 4

Question

Chapter 9, Problem 9.2SDC

(1)

To determine

To find: The depreciation method used by Incorporation L

(2)

To determine

Fixed asset turnover of Incorporation L and Incorporation HD for the same period, and analyze the performance of both the companies

(3)

To determine

To explain: The effect of shorter estimated useful life of Incorporation L, on fixed asset turnover ratio in comparison to ratio of Incorporation HD

(4)

To determine

To mention: The amount of depreciation expense reported by Incorporation L for the year ended January 31, 2014, determine the percentage of depreciation in net sales, compare the percentage with Incorporation HD, and comment on the performance of both companies

Expert Solution & Answer

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Answer 5

Chapter 9, Problem 9.2SDC

(1)

To determine

To find: The depreciation method used by Incorporation L

(2)

To determine

Fixed asset turnover of Incorporation L and Incorporation HD for the same period, and analyze the performance of both the companies

(3)

To determine

To explain: The effect of shorter estimated useful life of Incorporation L, on fixed asset turnover ratio in comparison to ratio of Incorporation HD

(4)

To determine

To mention: The amount of depreciation expense reported by Incorporation L for the year ended January 31, 2014, determine the percentage of depreciation in net sales, compare the percentage with Incorporation HD, and comment on the performance of both companies

Answer 6

Chapter 9, Problem 9.2SDC

(1)

To determine

To find: The depreciation method used by Incorporation L

Answer 7

Chapter 9, Problem 9.2SDC

(1)

To determine

To find: The depreciation method used by Incorporation L

Answer 8

(2)

To determine

Fixed asset turnover of Incorporation L and Incorporation HD for the same period, and analyze the performance of both the companies

Answer 9

(2)

To determine

Fixed asset turnover of Incorporation L and Incorporation HD for the same period, and analyze the performance of both the companies

Answer 10

(3)

To determine

To explain: The effect of shorter estimated useful life of Incorporation L, on fixed asset turnover ratio in comparison to ratio of Incorporation HD

Answer 11

(3)

To determine

To explain: The effect of shorter estimated useful life of Incorporation L, on fixed asset turnover ratio in comparison to ratio of Incorporation HD

Answer 12

(4)

To determine

To mention: The amount of depreciation expense reported by Incorporation L for the year ended January 31, 2014, determine the percentage of depreciation in net sales, compare the percentage with Incorporation HD, and comment on the performance of both companies

Answer 13

(4)

To determine

To mention: The amount of depreciation expense reported by Incorporation L for the year ended January 31, 2014, determine the percentage of depreciation in net sales, compare the percentage with Incorporation HD, and comment on the performance of both companies

Answer 14

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Answer 16

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Answer 17

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The depreciation method used by Incorporation L

Solution Summary: The author explains the depreciation method used by Incorporation L, which is a non-cash expense recorded on the income statement reflecting the consumption of economic benefits of long-term asset.

To find: The depreciation method used by Incorporation L

Fixed asset turnover of Incorporation L and Incorporation HD for the same period, and analyze the performance of both the companies

To explain: The effect of shorter estimated useful life of Incorporation L, on fixed asset turnover ratio in comparison to ratio of Incorporation HD

To mention: The amount of depreciation expense reported by Incorporation L for the year ended January 31, 2014, determine the percentage of depreciation in net sales, compare the percentage with Incorporation HD, and comment on the performance of both companies

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Chapter 9 Solutions