Posted by **missmtl** on Friday, April 25, 2008 at 9:42pm.

cost of rental equipment is $486,902, accum. amortization is $418,713, net book value for 2006 is $68,169 and 2005 is $74,018. Amortization of rental equipment for the year amounted to $22,205 (2005 - $14,379). i need to calculate the cost for year 2007, the accum. amort. for 2007 and net book value for 2007.

The declining balance rate is 30%. Any additions to rental equipment in the current year are amortized at one-half of the above rates.

## Answer This Question

## Related Questions

- Accounting Adjustment - Use the straight line amortization method. Equipment ...
- business - The ABC Company purchased a solar powered electrical generator on ...
- statistics - Shown below are rental and leasing revenue figures for office ...
- statistics - Question 1 Shown below are rental and leasing revenue figures for ...
- Stats - This assignment requires you to use Excel. In question 1, you will use ...
- Financial and managerial accounting - 1. Use the following data for questions 1 ...
- Financial and managerial accounting - 1. Use the following data for questions 1...
- Accounting - I am given several hypothetical amounts and interest rates and need...
- accounting - Assume that Hickory Copany has the following data related to its ...
- Accounting - I'll start with the first part of my problem. This is a long ...

More Related Questions