Apple Blossom Cologne Company

Depreciation Computation
12-31-03
JWP
(Prepared by client)

F-4
1-27-04

============================================================================================
2003
Deprec.
Asset
Amount
Rate
Provision
Totals
============================================================================================
BUILDINGS:
Held full year #
276263
3.33%
9209 R
Additions @
-----0Retirements &
-----09209

(F-1)

MACH. & EQUIPMENT:

Held full year #
Additions @
Retirements &

540845
513200
39600

5.00%
2.50%
2.50%

27042 R
12830 R
990 R

AUTOMOTIVE :
Held full year #
Additions @
Retirements &

99425
-----

25.00%
-----

24856 R
-0-0-

OFFICE FURN & FIXTURES:

Held full year #
Additions @
Retirements &

106433
8400
---

5.00%
2.50%
---

5322 R
210 R
-0-

40862

(F-1)
24856

(F-1)
5532

(F-1)
Per client
Audit adjustments:

80459
^

AJE # 13

(F-5)

AJE # 12

(F-4)

AJE # 14

(F-6)

Per audit

80459
^

(F-1)
156
-1980
3740
82375

NOTEAssets held for full year computed by deducting

retirements from beginning balance. JWP
NOTEOne-half year's depreciation is recorded for all additions and retirements regardless
of date of acquisition or disposal.
JWP
NOTE:
Asset lives appear reasonable, JWP
NOTEDepreciation rates agree with those used in prior year. JWP

^ Footed.
R
#
@
&
E

Recomputed mathematical operation.

Amounts traced to prior year's working papers.
Amounts traced to working paper (F-2).
Amounts traced to working paper (F-3).
Error in calculating amount held a full year. Should subtrack retirements. Correct amount
$ 501,245 x ,05). Propose (AJE # 12) to correct:
Accumulated Depr. - M&
231
1980
Depr. Expense
822
1980

309