Question: Please answer question with detailed explanation so i can understand Question 3 (30 points) Your company purchased new equipment on the dates and for the

Please answer question with detailed explanation so i can understand Question

Please answer question with detailed explanation so i can understand

Question 3 (30 points) Your company purchased new equipment on the dates and for the costs specified as follows: Purchase Price Salvage Value $15,000 $10,000 $15,000 01 May 2010 01 Nov 2011 01 Jan 2012 $45,000 $25,000 $35,000 (a) Using straight line depreciation with 10 year depreciable lifetimes, calculate the total book value of your equipment at the end of 2012. (15 points) (b) Using a CCA rate of 30%, calculate the undepreciated capital cost of your equipment at the end of 2012. (15 points)

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