Your company purchased new equipment on the dates and for the costs specified as follows: Salvage...
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Your company purchased new equipment on the dates and for the costs specified as follows: Salvage Value $15000 $10000 $15000 01 May 2010 01 Nov 2011 01 Jan 2012 Purchase Price $41000 $23000 $35000 (a) Using straight line depreciation with 10 year depreciable lifetimes, calculate the total book value (BV) of your equipment at the end of 2012. BV 2012=$ (b) Using a CCA rate of 30%, calculate the undepreciated capital cost (UCC) of your equipment at the end of 2012. UCC 2012=$ Your company purchased new equipment on the dates and for the costs specified as follows: Salvage Value $15000 $10000 $15000 01 May 2010 01 Nov 2011 01 Jan 2012 Purchase Price $41000 $23000 $35000 (a) Using straight line depreciation with 10 year depreciable lifetimes, calculate the total book value (BV) of your equipment at the end of 2012. BV 2012=$ (b) Using a CCA rate of 30%, calculate the undepreciated capital cost (UCC) of your equipment at the end of 2012. UCC 2012=$
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Answer rating: 100% (QA)
a Using straight line depreciation with 10 years of depreciable life we can calculate the annual depreciation expense as follows Depreciation expense Purchase Price Salvage Value Depreciable Life Depr... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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