Question
On September 6,2010, East River Tug Co. purchased a new tugboal for $40,000. Compute the depreciation on this tugboat in 2010 and 2011 using the
On September 6,2010, East River Tug Co. purchased a new tugboal for $40,000. Compute the depreciation on this tugboat in 2010 and 2011 using the following methods. Apply the half-year convention. (If necessary, round to the nearest dollar.)
(a) Straight-line (b) 200%-declining-balance (c) 150%-declining-balance 2010 $ $ $ 2011 $ $ $
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
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