81 refer to table 10 7 calculate and record the amortization expense for the truck f 4308999

81) Refer to Table 10-7. Calculate and record the amortization expense for the truck for the year 2016 using the straight-line method.

 

 

 

 

82) Refer to Table 10-7. Calculate and record the amortization expense for the truck for the year 2016  assuming the the unit-of-production method is used and that the truck was driven for 44,000 kilometers to June 30, 2012.

 

 

 

 

83) On January 1, 2012, a company buys a equipment for $10,000. It has estimated residual value of $1,000, and an estimated life of 5 years. Assume the company uses double-declining-balance amortization. Please complete the amortization schedule below.

Date

Asset Cost

Amortizable Cost

AmortizationRate

Amortization Expense

Accumulated Amortization

Book Value

2001-01

2031

2013-01

2014-01

2015-01

2016-01

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