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Date Submitted: 11/06/2014 09:57 PM
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Chapter 10
Non-current assets: Property, plant and equipment, and intangibles
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Exercises
E10-4
Capital expenditures:
(a) purchase price, (c) lubrication before machine is placed in service, (e) major overhaul, (f) customs duty, (g) transport and insurance, (h) installation, (i) training of personnel.
Expenses:
(b) ordinary recurring repairs, (d) periodic lubrication, (j) income tax.
E10-7
Req. 1
Straight-Line Depreciation Schedule |
| Depreciation for the Year | |
Date | Asset Cost | Depreciable Cost | Depreciable Rate = | Depreciation Expense | Accumulated Depreciation | Book Value |
2-1-2013 | $39 000 | | | | | $39 000 |
31-12-2013 | | $33 000 | 1/4 x 12/12 | $8 250 | $8 250 | 30 750 |
31-12-2014 |...