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    niseg81's Avatar
    niseg81 Posts: 2, Reputation: 1
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    #1

    Apr 13, 2009, 09:53 AM
    advanced topics in accounting
    An asset is acquired at a cost of $10,000 with a five-year life and no anticipated salvage value. Straight-line depreciation is considered appropriate. The asset was acquired on January 2, 2000. Price indexes for the five years are:

    Each member of the group should be responsible for preparing data for a given year. When finished group members should answer the questions below together.

    2000 2001 2002 2003 2004
    Fixed asset index 100 95 108 120 125
    General price index 100 110 115 112 125

    Compute the current value depreciation for each year.

    What is the realized real holding gain for the years 2001 – 2004?

    What would the holding gain be under EIP for the years 2001 – 2004?
    Justwantfair's Avatar
    Justwantfair Posts: 3,422, Reputation: 944
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    #2

    Apr 13, 2009, 09:59 AM

    We do not answer homework questions.
    niseg81's Avatar
    niseg81 Posts: 2, Reputation: 1
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    #3

    Apr 13, 2009, 01:47 PM
    Quote Originally Posted by Justwantfair View Post
    We do not answer homework questions.
    Sorry misunderstood what this site actually does do. Disregard my post then.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #4

    Apr 13, 2009, 10:22 PM

    A more appropriate answer would be to say we don't DO your homework for you. We will HELP with the homework if we see your attempts to do it or if you can ask some specific question.

    After all, an area called "homework help" exists because we do "help" - we just don't "do."

    Ask Me Help Desk - Announcements in Forum : Homework Help
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