英财 第九章答案.docVIP

Ex. 9.6 a. 2004 　 　 　 　 　 　 Jan. 11 Machinery …………………………………………………. 90,000 　 　 　 　 　 　 Cash ……………………………………………………… 90,000 　 　 　 　 　 　 　 　 　 　 Dec. 31 Depreciation Expense: Machinery ……………………… 6,000 　 　 　 　 　 　 Accumulated Depreciation: Machinery 6,000 　 　 　 　 To record depreciation for first year: 　 　 ($90,000 ? $18,000) ? 1?12. 　 　 2005-2007 　 　 　 　 Dec. 31 Depreciation Expense: Machinery ………………….. 6,000 　 　 　 　 　 　 Accumulated Depreciation: Machinery 6,000 　 　 2008 　 　 　 　 　 　 　 Dec. 31 Depreciation Expense: Machinery ………………………. 3,000 　 　 　 　 　 　 Accumulated Depreciation: Machinery 3,000 　 　 　 　 　 　 　 　 　 　 　 　 Cost of machine ………………………………………….. $ 90,000 　 　 　 　 Less: Depreciation for 2004-2007 …………………………… 24,000 　 　 　 　 Book value at end of 2007 ………………………………….. $ 66,000 　 　 　 　 Less: Residual value ……………………………………….. 18,000 　 　 　 　 　 Amount to be depreciated over 16 　 　 　 　 　 　 remaining years of new estimated 　 　 　 useful life…………………………………………………. $ 48,000 　 　 　 　 Depreciation per year ($48,000 ? 16) …………………… $ 3,000 　 　 　 　 　 　 　 　 　 b. Several factors may have caused the company to revise its estimate: (1) The equipment may be deteriorating physically more slowly than originally anticipated, (2)?the company may not be using the equipment as much as it had previously expected, or (3) new technology that had been anticipated may not have developed as rapidly as expected. 　 　 　 　 　 　 　 　 Ex. 9.14 a. The depreciation rate per mile is calculated as follows: 　 　 　 　 　 　 　 　 　 　 $25,500 - $4,500/(18,000 x 5 years) = $.23 per mile 　 　 　 　 　 　 　 　 　 Depreciation for the first two years is calculated as follows: 　 　 　 　 　 　 　 　 　 Yr. 1 = 16,000 miles x $.23 = $3,680 　 　 Yr. 2 = 18,200 miles x $.23 = 4,186 　 　 　 　 　 Accumulated at Yr. 2 $7,866 　 　 　 　 　 　 　 　 　 　 　 b. Depreciation by the straight-line method would have been: 　 　 　 　 　 　 　 　 　 　 $2