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Posted by: Homeworkhelp
Price Quoted by Student: $4.5
Posted On: 2011-09-07 01:01:51
 
Question

E 11-19 Alteran Corporation purchased a machine for $1.5 million in 2008. The machine is being depreciated over a 10-year life using the sum-of-the-years'-digits method.

 

ANSWER KEY E 11-19 Change in principle; change in depreciation methods

 

E 11-19 Alteran Corporation purchased a machine for $1.5 million in 2008. The machine is being depreciated over a 10-year life using the sum-of-the-years'-digits method. The residual value is expected to be $300,000. At the beginning of 2011, Alteran decided to change to the straight-line depreciation method for this machine.

 

Required:

Prepare the 2011 depreciation adjusting entry.


Solutions
ANSWER KEY Exercise 11-19     
Price $4.5
Attachment 1: E 11-19 Alteran Corporation.doc
Solution Posted By: Homeworkhelp    Posted on: 07-09-2011