DEPRECIATION AND CAPITAL COST ALLOWANCE

On its statement of financial position, a company shows buildings purchased for $700,000, equipment purchased for $350,000, and machinery purchased for $170,000. The depreciation and capital cost allowance rates for these non-current assets are as follows:

Mailings Review View Prind - A A A Normal No Space Heading! Heading 2 Tele A- A- Esting Paragraph Styles als are out of date. Please sign in as 000743114 mohani.college ca so we can verity your subscription 4. (5 Marks) EXERCISE 3: DEPRECIATION AND CAPITAL COST ALLOWANCE On its statement of financial position, a company shows buildings purchased for $700,000, equipment purchased for $350,000, and machinery purchased for $170,000. The depreciation and capital cost allowance rates for these non-current assets are 23 follows: Capital Cost Allowance Straight-Line Depreciation 1. Buildings 5% 7% 2. Equipment 20% 25% 3. Machinery 15% 305 Question For the first five years of operation, calculate the amount of depreciation and capital cost allowance for the non-current assets. Focus hp