Straight-line method of amortizing problem, Accounting Basics

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Straight-line method of amortizing problem

During 2010, Chretien changed from straight-line method of amortizing its cement plant to the double declining-balance method. The following calculations present amortization on both bases.

2010 2009 2008
Straight-line $40,000 $40,000 $40,000
Double declining-balance 47,813 63,750 85,000

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Accounting Basics: Straight-line method of amortizing problem

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Request for Solution File

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Accounting Basics: Straight-line method of amortizing problem

Reference No:- TGS090449

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Building with a fair market value

Q : Journalize the transactions for the seller

Q : Describe the usage and benefits of types of budgets

Q : Budgets-planning-coordinating-communicating

Q : Straight-line method of amortizing problem

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Straight-line method of amortizing problem

Reference No:- TGS090449

Recent Questions Asked Accounting Basics

Q : Building with a fair market value

Q : Journalize the transactions for the seller

Q : Describe the usage and benefits of types of budgets

Q : Budgets-planning-coordinating-communicating

Q : Straight-line method of amortizing problem

Q : Determining componenets of marketing mix

Q : Build a formal organizational structure

Q : Capitalistic market system

Q : What is a forward exchange contract

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