ENGG 820 Economics for Practicing Engineers Assignment No. 3* Due date: Friday March 15th, 2024, 4:00 PM * Please show all the calculations and the procedure for solving the questions. If you are going to use computer for your calculations, please make sure to attach the corresponding graphs and tables. 1. The initial cost of purchasing a device is $12,000. The salvage value of the device at the end of four years is $3,500. Compute the depreciation schedule for the device by the following methods: i. ii. iii. iv. Straight-line depreciation (5 pts) Sum-of-years'-digits depreciation (10 pts) CCA depreciation as a Class 43 asset (10 pts) CCA depreciation as a Class 29 asset (10 pts) 2. Consider the following two alternatives: Year A B 0. -$2.000 -$2.800 1 +$800 +$1,100 2 +$800 +$1,100 3 +$800 +$1,100 If the minimum attractive rate of return is 5%, which alternative should be selected? (20 pts) 3. Individual tax calculation in Saskatchewan (Filing in 2024): If this individual has a taxable income of $134,000, what will be the: (25 pts) i. Total taxes payable ii. Average tax rate iii. Marginal tax rate