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(Solved by Expert Tutors) Dream Car DepreciationDream Car Depreciation

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Dream Car Depreciation

Select a dream car to

serve as the subject of this activity, and use the Internet to determine its cost.

Create a depreciation schedule for your dream car over the next 5 years.

Create a loan amortization schedule for a 60-month notes using current interest rates.

Post your amortization schedules.

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Your Turn Activity

Your Turn Activity

Review the Your Turn: You as a Buyer for a Retail Business vignette on p. 259 of Financial & Managerial Accounting: The Basis for Business Decisions.

Post a short response to the questions at the end of the vignette.

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1.) What is a bank reconciliation? What are the steps in preparing a bank reconciliation? What purpose does it serve?

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2.) What are the characteristics of perpetual and periodic inventory systems? What are some journal entries associated with each? Give examples of businesses that use each. Explain why the inventory system is appropriate for the business.

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Complete Exercises 6.4, 6.6, & 6.7.

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Complete Exercises 7.5, 7.7, & 7.9.

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Complete the following problems:

  • Ch. 6: Problem 6.1A
  • Ch. 7: Problems 7.1A & 7.3A



Review the Your Turn: You as a Credit Analyst vignette on p. 360 of Financial & Managerial Accounting: The Basis for Business Decisions.

Post a short response to the questions at the end of the vignette.


What is the purpose of depreciation? Give some examples of items that can be depreciated and explain how they are depreciated.

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Why do different organizations use different inventory valuation systems? Provide examples of which types of organizations are best suited for valuation approach. Explain your choices.


Complete Exercises 8.2, 8.5, 8.7, & 8.13.


Complete Exercises 9.2, 9.4, 9.7?9.9, 9.11, 9.13, & 9.14.


Complete either Ch. 9: Problem 9.5A or Ch. 9: Problem 9.7A.




Williams, Haka, Bettner, & Carcello, 17th Williams, J. R., Haka, S. F., Bettner, M. S., & Carcello. J. V. (2015). Financial & managerial accounting: The basis for business decisions (17th ed.).

ISBN-13: 9780078025778

Website: www.mhhe.com/williams_basis17e

 


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Apr 19, 2020

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