Homework Solutions  
» Home
  

See All Homework
Questions here

Question Description

 
Posted by: Homeworkhelp
Price Quoted by Student: $4
Posted On: 2011-08-30 02:02:15
 
Question

E 11-4. Funseth Company purchased a five-story office building on January 1, 2009, at a cost of $5,000,000. The

ANSWER KEY E 11-4 Depreciation methods; asset addition

Funseth Company purchased a five-story office building on January 1, 2009, at a cost of $5,000,000. The building has a residual value of $200,000 and a 30-year life. The straight-line depreciation method is used. On June 30, 2011, construction of a sixth floor was completed at a cost of $1,650,000.

Required:

Calculate the depreciation on the building and building addition for 2011 and 2012 assuming that the addition did not change the life or residual value of the building.


Solutions
ANSWER KEY Exercise 11-4    
Price $4
Attachment 1: E 11-4 Funseth Company.doc
Solution Posted By: Homeworkhelp    Posted on: 30-08-2011