acc 308

Southestern Freewill Baptist College

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ACC 308 7-1 Final Project Submission Notes to Financial Statements

ACC 308 7-1 Final Project Submission Notes to Financial Statements
Exam (elaborations) • 4 pages • 2021

ACC 308 7-1 Final Project Submission with complete solution. Managing Depreciation To calculate the depreciation of Peyton Approved’s equipment I utilized the straight-line method which is calculated by equally distributing the depreciation throughout the asset’s depreciable life. For 2017 Payton Approved’s baking equipment cost $12,000 with an accumulated depreciation equaling $406.44 a year totaling $2032.20 over a five-year period. As shown on the Pro Forma Income Statement and Pro ...