This work of ACC 422 Week 4 Learning Team contains:
Team Problems
Prepare solutions to the following problems from the text:
1) Chapter 11: P11-10
(Comprehensive Depreciation Computations) Sheryl Crow Corporation, a manufacturer of steel products, began operations on October 1, 2006. The accounting department of Crow has started the fixed-asset and depreciation schedule presented on page 563. You have been asked to assist in completing this schedule.
In addition to ascertaining that the data already on the schedule are correct, you have obtained the following information from the company’s records and personnel.
2) Chapter 12: P12-3
a. Prepare a schedule showing the intangible assets section of Haerhpin’s balance sheet at December 31, 2007. Show supporting computations in good form.
b. Prepare a schedule showing all expenses resulting from the transactions that would appear on Haerhpin’s income statement for the year ended December 31, 2007. Show supporting computations in good form.
