Disclosure of Property, Plant, and Equipment. Use the information in E11-13, part (a) to prepare the required footnote disclosure for Kurtis Koal Company, Inc.’s property, plant, and equipment for Years 1 and 2, including a statement of its accounting policy and a table with account balances.
E11-13.
Year | Tons of Coal |
1 | 700,000 |
2 | 1,400,000 |
3 | 1,600,000 |
4 | 1,000,000 |
5 | 750,000 |
6 | 550,000 |
Required
Prepare the depreciation schedules for the machine assuming that Kurtis Koal used the following methods (each case is independent):
- a. Straight-line method.
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Intermediate Accounting, Student Value Edition (2nd Edition)
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