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A manufacturing company has purchased four assets: For book depreciation, the units-of-production (UP) method was used for the truck. Usage of the truck was 24,000
"A manufacturing company has purchased four assets: For book depreciation, the units-of-production (UP) method was used for the truck. Usage of the truck was 24,000 kilometers and 26,000 kilometers during the first two years, respectively. a) Calculate the book depreciation for each asset in the first two years. b) Calculate the capital cost allowance for each asset in the first two years. c) If the lathe is to be depreciated over the early portion of its life using DDB and then by switching to SL for the remainder of the asset's life, when should the switch occur
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