martha baining
Aug 7, 2012, 12:03 AM
a) The Cabins which have a useful life of 25 years and were valued at $424, 000
of the $624, 000 for land and cabins, need to have 1 month's depreciation
expense and offset against Accumulated Depreciation (Cabin) - a contra-asset
account.
b) The Troop Carrier is to be depreciated over 10 years and needs the depreciation expense allowed for (in a manner similar to the cabins)
c) The Computer equipment is to be written off over 4 years.
e) The office furniture will be written off over 10 years.
f) At the end of July a count indicated that there was $310 remaining of the Office Supplies.
of the $624, 000 for land and cabins, need to have 1 month's depreciation
expense and offset against Accumulated Depreciation (Cabin) - a contra-asset
account.
b) The Troop Carrier is to be depreciated over 10 years and needs the depreciation expense allowed for (in a manner similar to the cabins)
c) The Computer equipment is to be written off over 4 years.
e) The office furniture will be written off over 10 years.
f) At the end of July a count indicated that there was $310 remaining of the Office Supplies.