AP11.01 – Great Adventures
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Prepare the statement of cash flows using the indirect method.
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Prepare the statement of cash flows using the indirect method.
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Calculate depreciation expenses for 2021 and 2022.
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Record each transaction, and prepare the shareholders’ equity section of the balance sheet, Prepare the statement of cash flows using the indirect method, and calculate risk ratios and profitability ratios for 2022.
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Given the cost of a van, the service life, the estimated worth after the life, and the expected miles… calculate the annual depreciation using the straight-line method, double-declining balance, and units-of-production.
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Calculate depreciation for 2021 and 2022 using each of the methods.
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Calculate depreciation for years one and two using each of the methods.
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They give you the value of equipment bought, the service life of the equipment, the residual value, and the expected units to produce and ask you to calculate the depreciation for the next two years.
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Given the cost of a building, residual value, estimated life, price of new floor construction… calculate the depreciation of the building and building additions.
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Given a chart with missing values… calculate them.
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Given the amount and allocation of a building purchase, the furniture and fixtures price, the office equipment price, and a list of service life and residual values… calculate the depreciation for two years.
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