# Capital arai revenue On September 30, Madison River \$35… 1 answer below »

472 Chapter 10 Fixed Assets and Intangible Assets
Learning Objectives OBJ. 1
Example Exercises EE 10-1 p 448
PE 10-1A Capital arai revenue On September 30, Madison River \$35 for an air filter for one of its and air filter expenditures.
, •.
,425 to install a hydraulic lift and
nalize the entries for the new lift
OBJ. 1 EE 10-1 p. 448 PE 10-1B Capital and revenue expenditures OnJune 9, Martin Associates Co. paid \$1,300 to repair the transmission on one of its delivery vans. In addition, Martin Associates paid \$600 to install a GPS system in its van. journalize the entries for the transmission and GPS system expenditures.
013.1. 2
OBJ. 2
EE 10-2 p. 451 PE 10-2A Straight-line depreciation Equipment acquired at the beginning of the year at a cost of \$275,000 has an estimated residual value of \$30,000 and an estimated useful life of 10 years. Determine (a). the depreciable cost, (b) the straight-line rate, and (c) the annual straight-line depreciatton.
EE 10-2 p. 451 PE 10-2B Straight-line depreciation
ittcd A building acquired at the beginning of the year at a cost of \$980,000 has an estin' residual value of \$60,000 and an estimatediuseful life of 20 years. Determine depreciable cost, (b) the straight-line rate. and (e) deoreci3t'

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