Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 11 - Depreciation, Impairments, and Depletion - Review and Practice - Brief Exercises - Page 584: BE11-2

Answer

(A) Depreciation FY 2017 - straight line (80,000-8000)/8 = 9,000.00 (B)Depreciation FY 2017 - straight line - Acquired on 1-Sep-2017 ((80,000-8000)/8) * 4/12 = 3,000

Work Step by Step

4 months from 1st Sep 2017 leading to 4/12 used in part B above
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