19. A $40,000 asset was purchased and classified as a Class 10 asset for CCA purposes. If...

Fantastic news! We've Found the answer you've been seeking!

Question:

19. A $40,000 asset was purchased and classified as a Class 10 asset for CCA purposes. If the CCA rate is 30%, calculate UCC for the end of year 5.
A. $4,929
B. $5,030
C. $6,141
D. $7,252
E. $8,163

Related Book For answer-question

Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

See More Books

Posted Date: Feb 11, 2021 05:18 AM

See More Questions

If the unemployment rate is 4 percent, it does not follow that the employment rate is 96 percent. Explain why.
If the inflation rate is 7% per year, how many years will it take for the cost of something to double when prices increase at exactly the same rate as inflation?
If the interest rate is 8% per year, what decision would you make based on the decision tree diagram in Figure P12-23? 200,000 profit per year for six years, starting at EOY 3 (0.6) $280,000 profit...
Calculate the managerial remuneration from the following particulars of Zen Ltd. the company has only one Managing Director. Net Profit Net Profit is calculated after considering the following:...
Explain what is meant by the terms transfer pricing and arms-length pricing.
What is a pension plan settlement? Curtailment? How should the net gain or loss from a settlement or curtailment be accounted for by a company according to FASB Statement No. 88?
Ormet Primary Aluminum Corporation, operated an aluminum smelter plant in Hannibal, Ohio. The facility ceased production in October 2013 in order to liquidate its assets after filing for bankruptcy...
You have just been hired as a loan officer at Fairfield State Bank. Your supervisor has given you a file containing a request from Hedrick Company, a manufacturer of auto components, for a $1,000,000...
If the input is 3210, what is output? Start x = Get next input TRUE x>0 Put 2 x to output FALSE Put to output End
SEC regulation, tax and working papers. Marshall and Wyatt, CPA, have been for several years the independent auditors of Interstate LDC Land Development Corporation of New Orleans, Louisiana. During...
You were hired at GourmetGrabs because it has grown as a company and is looking to improve its customer care quality while it expands. The effectiveness of the call center will be a focus for the...
Show that each of the following sets are linearly dependent by finding a nontrivial linear combination that equals the zero vector. (a) (1,0), (2.0), (0.1) (b) (1,2,3), (4,0,-1), (-5, 6, 11). For...
A) What is magnitude______N B) Direction? +x-direction or -x-direction C) Is this force attractive or repulsive? The dipole moment of the water molecule (HO) is 6.17 x 10-30 C. m. Consider a water...
15. Explain the concept of a "minimum wage" and how it can cause unemployment.
1. Explain how the 3 following monetary tools can be used in controlling economic recession: a) Open market operation b) Required reserve ratio c) Discount rate
3. Explain how the following factors will influence the slope of the IS curve? a) Value of MPC b) Value of e (parameter that measures the sensitivity of investment to interest rate).
Explain how the use of parallel processing improves speed. (10 marks)
Multiple Choice Questions: 1. The largest component of aggregate demand is? a. Government purchases. b. Net exports. c. Consumption. d. Investment. 2. A reduction in personal income taxes, other...
Herald Richter and Associates, 5 years ago, purchased for $45,000 a microwave signal graphical plotter for corrosion detection in concrete structures. It is expected to have the market values and...
A privately held company that makes chips that are essential for high-volume data storage is valued at $3 billion. A computer company that wants to get into cloud computing is considering purchasing...
A video recording system was purchased 3 years ago at a cost of $30,000. A 5-year recovery period and MACRS depreciation have been used to write off the basis. The system is to be prematurely...
Acne Medication and Gastrointestinal Injury Since 1999, Kamie Kendall had experienced ongoing abdominal pain, and she was eventually diagnosed with ulcerative colitis and irritable bowel syndrome...
In 1951, DuPont began using the chemical perfluorooctanoic acid to manufacture Teflon. Due to the dangerous nature of the chemical, DuPont was given special instructions by its supplier to dispose of...
CMS is a claims processing company in Mobile, Alabama. Chastity Jones, a black woman, completed an online employment application for a customer service position with CMS. Jones interviewed with a...

19. A $40,000 asset was purchased and classified as a Class 10 asset for CCA purposes. If...

Question:

Expert Answer:

Book value at end of year 5 Co... View the full answer

Engineering economy

Students also viewed these corporate finance questions