Financial and Managerial Accounting: The Basis for Business Decisions 13th ed
Williams, Haka, and Bettner
Financial Accounting
Managerial Accounting
Williams, Haka, and Bettner
Chapter 9
Problem 9.3A (P9.3A) Smart Hardware purchased new shelving for its store on April 1, 2005. The shelving is expected to have a 20-year life and no residual value. The following expenditures were associated with the purchase:
Cost of the shelving $12,000
Freight charges 520
Sales taxes 780
Installation of shelving 2,700
Cost to repair shelf damaged during installation 400
Instructions
a. Compute depreciation expense for the years 2005 through 200S under each depreciation method listed below:
1. Straight-line, with fractional years rounded to the nearest whole month.
2. 200 percent declining-balance, using the half-year convention.
3. 150 percent declining-balance, using the half-year convention.
AND SO ON
Click here for the SOLUTION
