ACC 422

ACC 422 WEEK 4 WILEYPLUS ASSIGNMENT

ACC 422 Week 4 WileyPlus Assignment

E11-4 (Depreciation Computations—Five Methods)

Instructions
From the information given, compute the depreciation charge for 2011 under each of the following
methods. (Round to the nearest dollar.)
(a) Straight-line.
(b) Units-of-output.
(c) Working hours.
(d) Sum-of-the-years’-digits.
(e) Double-declining-balance.

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P11-6 (Depletion and Extraordinary Loss)

Instructions
(a) Determine the depletion cost per board foot for the timber harvested prior to the eruption of Mount
Leno.
(b) Prepare the journal entry to record the depletion prior to the eruption.
(c) If this tract represents approximately half of the timber holdings of O’Brien, determine the
amount of the extraordinary loss due to the eruption of Mount Leno for the year ended
December 31, 2010.

ACC 422 WEEK 4 WILEYPLUS ASSIGNMENT