9. Units of Production: Year Actual Units Depreciation Accumulated Book Value Expense Depreciation 20,000 30,000 25,000 25,000 10. Double-Declining Balance: Year Depreciation Accumulated Book Value Expense Depreciation Acquisition Cost (1) 11. A construction company recently purchased an old building for a project for 200,000. The company will turn the building into a hotel, but before it can be used the company must remodel the building for 100,000, train new employees for 1,000, and install electricity for 1,500. Before the first opening day, the electricity needed repaired for $500. What would be the cost of the building on the balance sheet? company’s 300,000 200,000 302,500 303,000
9. Units of Production: Year Actual Units Depreciation Expense Accumulated Depreciation Book Value 20,000 30,000 25,000 25,000 10. Double-Declining Balance: Year Depreciation Expense Accumulated Depreciation Book Value Acquisition Cost (1) 11. A construction company recently purchased an old building for a project for 200,000. The company will turn the building into a hotel, but before it can be used the company must remodel the building for 100,000, train new employees for 1,000, and install electricity for 1,500. Before the first opening day, the electricity needed repaired for $500. What would be the cost of the building on the company’s balance sheet? 300,000 200,000 302,500 303,000
ACCT_284_Kreiser_sarahgh_Sample_Exam_3__FINAL_VERSION_.docx