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Depreciation policy: Depreciation is recognized monthly. Residual values are assumed to be nil. There were no additions or disposals related to these assets during Year
Depreciation policy: Depreciation is recognized monthly. Residual values are assumed to be nil. There were no additions or disposals related to these assets during Year 2. Buildings Original cost Accumulated Depreciation to date Useful life Warehouse #1 Hamilton $7,200,000 $4,800,000 15 years Warehouse #2 Calgary $8,400,000 $2,100,000 20 years Warehouse #3 Halifax $3,060,000 $2,924,000 15 years Warehouse #4 Winnipeg $10,080,000 $4,032,000 20 years Land Original cost Land #1 Hamilton $560,000 Land #2 Calgary $1,300,000 Land #3 Halifax $420,000 Land #4 Winnipeg $1,400,000
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