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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Problem 9.3A (P9.3A) Smart Hardware purchased new shelving for its store on April 1, 2005. The shelving is expected to have a 20-year life and no residual value. The following expenditures were associated with the purchase:
Cost of the shelving $12,000
Freight charges 520
Sales taxes 780
Installation of shelving 2,700
Cost to repair shelf damaged during installation 400
Instructions
a. Compute depreciation expense for the years 2005 through 200S under each depreciation method listed below:
1. Straight-line, with fractional years rounded to the nearest whole month.
2. 200 percent declining-balance, using the half-year convention.
3. 150 percent declining-balance, using the half-year convention.
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