Candid Co.'s new headquarters will have four Level 3 electric vehicle (EV) charging stations to account for the increasing popularity of EVs. Each station will cost $50,000 to purchase and $15,000 to install. Preparing the site for installation will cost $3,500 with labor costs of $2150. The chargers have a useful life of 12 years and a salvage value of $22,000 each. Use the declining balance (DB) method for the following questions. Question 1 Question a: What is the cost basis for the EV chargers? 4 pts

Using a depreciation Using the you found in part f, fill in the following blanks Candid Co.s new headquarters will have four Level 3 electric vehicle (EV) charging stations to account for the increasing popularity of EVs. Each station will cost $50,000 to purchase and $15,000 to install, Preparing the site for installation will cost $3,$00 with labor costs of $2,150. The chargers have a useful life of 12 years and a salvage value of $22,000 each. Use the declining balance (DB) method for the following questions. Question 1 Question a: What is the cost basis for the EV chargers? In the declining balance depreciation method, a constant amount is depreciated yearly over the asset's life. True False Question 3 Question c: What will be the value of if we use a depreciation rate of 200% ? 1/N 2/N 1.5/N Consider the scenario described in part d. If we were to use the switch over method, in what year would you switch over to the straight-line method isL.N)? Hint you switch over when the depreciation allowance from the SLN method exceeds the depreciation allowince from the DB method. Question 6 Question f: What should you use in order to depreciate down to the salvage value given? Round to the nearest thoosandth. (For example. If you get 0.1084, enter 0.108 and not 10.8% ]