ACC 291 Week 3 - Individual WileyPLUS Assignment Week Three - Exercise E9-7 ,E10-5 , E10-10 , E10-11, E10-15 ,E10-18 , P10-5A And P10-9A
Fin-Acc-BossACC 291 Week 3 - Individual WileyPLUS Assignment Week Three - Exercise E9-7 ,E10-5 , E10-10 , E10-11, E10-15 ,E10-18 , P10-5A And P10-9A
ACC 291 Week 3 - Individual WileyPLUS Assignment Week Three - Exercise E9-7 ,E10-5 , E10-10 , E10-11, E10-15 ,E10-18 , P10-5A And P10-9A
Exercise E9-7
Brainiac Company purchased a delivery truck for $30,000 on January 1, 2011. The truck has an expected salvage value of $2,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 15,000 in 2011 and 12,000 in 2012.
Compute depreciation expense for 2011 and 2012 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining balance method. (Round cost per mile to 2 decimal places, e.g. 10.50. Use rounded amount for future calculations. Round final answers to 0 decimal places, e.g. 125.)
Exercise E10-5
Don Walls's gross earnings for the week were $1,780, his federal income tax withholding was $301.63, and his FICA total was $135.73.
Exercise E10-10
On January 1, Neuer Company issued $500,000, 10%, 10-year bonds at par. Interest is payable semiannually on July 1 and January 1.
Prepare journal entries to record the following. .........................................
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