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9. As at December 31, 2019, the breakdown of fixed assets is as follows: Acquisition date Acquisition cost Trucks Equipment Office furniture January 1, 2019
9. As at December 31, 2019, the breakdown of fixed assets is as follows: Acquisition date Acquisition cost Trucks Equipment Office furniture January 1, 2019 January 1, 2016 January 1, 2017 $900K $10,000K $1,867K Accumulated depreciation $270K $4,000K $747K The depreciation methods used by Good Vibes Inc. are as follows: Trucks: declining balance at a rate of 30%. Equipment: straight-line over 10 years. Office furniture: straight-line over 5 years. On May 1, 2020, Good Vibes Inc. acquired computer equipment for a total amount of $470K. This amount was paid at the time of acquisition. The estimated useful life of this computer equipment is 3 years. 9. As at December 31, 2019, the breakdown of fixed assets is as follows: Acquisition date Acquisition cost Trucks Equipment Office furniture January 1, 2019 January 1, 2016 January 1, 2017 $900K $10,000K $1,867K Accumulated depreciation $270K $4,000K $747K The depreciation methods used by Good Vibes Inc. are as follows: Trucks: declining balance at a rate of 30%. Equipment: straight-line over 10 years. Office furniture: straight-line over 5 years. On May 1, 2020, Good Vibes Inc. acquired computer equipment for a total amount of $470K. This amount was paid at the time of acquisition. The estimated useful life of this computer equipment is 3 years
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