# • ACCT 220 Week 5 Homework

## • ACCT 220 Week 5 Homework

• ACCT 220 Week 5 Homework

http://hwaid.com/shop/acct-220-week-5-homework/

• The Steel You Blind Company hires a bookkeeper who says that intangible assets can only be amortized over their legal lives. Is she right or wrong and why?
We Move Ya moving company purchased a new cross country moving truck and trailer on July 1, 2015. The cost of the new equipment was \$150,000. The truck and trailer is expected to have a 5 year useful life and a salvage value of \$12,000. The truck is a diesel and is expected to have a useful life of 10,000 hours.

Compute the depreciation expense under the following scenarios:
• Straight line for 2015.
Units of Activity for 2015 assuming 1,700 hours of on-road use.

• Double declining balance using twice the straight line rate for 2015 and 2016.

• ACCT 220 Week 5 Homework

http://hwaid.com/shop/acct-220-week-5-homework/

• The Steel You Blind Company hires a bookkeeper who says that intangible assets can only be amortized over their legal lives. Is she right or wrong and why?
We Move Ya moving company purchased a new cross country moving truck and trailer on July 1, 2015. The cost of the new equipment was \$150,000. The truck and trailer is expected to have a 5 year useful life and a salvage value of \$12,000. The truck is a diesel and is expected to have a useful life of 10,000 hours.

Compute the depreciation expense under the following scenarios:
• Straight line for 2015.
Units of Activity for 2015 assuming 1,700 hours of on-road use.

• Double declining balance using twice the straight line rate for 2015 and 2016.

• ACCT 220 Week 5 Homework