Question
A coin operated video game is to be purchased by GameCo for $45,000. Please check the CCA table to find the correct CCA rate. GameCo's
A coin operated video game is to be purchased by GameCo for $45,000. Please check the CCA table to find the correct CCA rate. GameCo's tax rate is 48%. Make a UCC Table in Excel and calculate the following. Include the UCC Table in your submission to d2l. (a) What is the Remaining UCC value after 5 years of operation? (5 marks) (b) What are HaulCo's tax savings for the truck in the 5th year of operation? (5 marks)
3. SplashCo Space Company has purchased a launcher system for launching passenger rockets into the edge of space from Norman Wells, NT. The cost of the new system was $250,000 and it has a service life of 10 years. For the first six years, depreciation of the system was calculated using the declining balance method at a rate of 30%. During the last four years, the straight line method was used for accounting purposes to bring the book value to $0 at the end of its service life. Make a table in Excel with the book values at the end of each year. Include the table in your submission to d2. What was the book value of the system after 3, 5, 7, and 9 years? (5 marks)
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