Question: On June 15, 2017, a second-hand machine was purchased for $117,000. Before being put into service, the equipment was overhauled. at a cost of $15,200,

 On June 15, 2017, a second-hand machine was purchased for $117,000.
Before being put into service, the equipment was overhauled. at a cost
of $15,200, and additional costs of $400 for direct material and $800
for direct labour were paid in fine-tuning the controls. The machine has

On June 15, 2017, a second-hand machine was purchased for $117,000. Before being put into service, the equipment was overhauled. at a cost of $15,200, and additional costs of $400 for direct material and $800 for direct labour were paid in fine-tuning the controls. The machine has an estimated residual value of $5,000 at the end of its five-year useful life. The machine is expected to operate for 100,000 hours before it will be replaced and is expected to produce 1.20 million units in this time. Operating data for the next six fiscal years are provided below. The company has an October 31 fiscal year end. Calculate the depreciation charges for each fiscal year under each of the following depreciation methods. (Round unit-of-output per unit to 4 decimal ploces, es. 15.2345 and Round other answers to 0 decimal ploces, eg. 5.275.) 1. Straight-line method. Pro-rate June 2017 and 2022 to half a month 2. Activity method: based on output 3. Activity method: based on input 4. Double-declining-balance method. Pro-rate June 2017 to half a month. 5. CCA. Class 8.20% What is the machine's carrying amount on the October 31, 2020 statement of financial position under the first four methods above? (Round answers to 0 decimal places, eg. 5,275.) Calculate the asset's tax value on October 31, 2020, assuming a CCA Class 8 , with a rate of 20%. (Round answer to 0 decimal ploces, e.8. 5,275.) The asset's tax value on October 31, 2020

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