Comments on: amortization accounting help? http://reversemortgage.info-junction.net/amortization-accounting-help/ What is Reverse Mortgage, How does reverse mortgage work, Advantages & Disadvantages of reverse mortgage. Mon, 30 Jan 2012 01:01:00 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: rehman vohra http://reversemortgage.info-junction.net/amortization-accounting-help/comment-page-1/#comment-15466 rehman vohra Sun, 07 Feb 2010 14:05:43 +0000 http://reversemortgage.info-junction.net/amortization-accounting-help/#comment-15466 Here are the required numbers: Amortization expense: Buildings ($105,000 - 15,000)/25 = $3,600 Equipment ($25,000-12,200) x 0.20 = $2,560 Patents Total cost $63,750 + 11,250 = $75,000 Amortization $75,000/20 = $3,750 Here are the required numbers:

Amortization expense:
Buildings ($105,000 – 15,000)/25 = $3,600
Equipment ($25,000-12,200) x 0.20 = $2,560
Patents Total cost $63,750 + 11,250 = $75,000
Amortization $75,000/20 = $3,750

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