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how do you get these answers? C.W. Piping manufacturing company produces PVC pipes and drainage ducts for use in the agriculture industry. The table belowshows
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C.W. Piping manufacturing company produces PVC pipes and drainage ducts for use in the agriculture industry. The table belowshows a list of the major equipment currently owned by the company and current book value. 38 Equipment Book Value | CCA Class CCA Rate 2 Trucks $30,000 16 40% 1 Fork Lift $14,000 30% Poly Vinyl Patent | $10,000 44 25% 1 Factory Building $240,000 4% (48) If the company purchases a second forklift for $12,000 at the beginning of next year, the depreciation deduction for asset class 38 at the end of next year is close to: a) $3,640 b/$4,730 c) $5,900 d) $7,810 Considering the purchase of the 2nd forklift, the book value of the company's assets at the end of next year is close to: a) $242,670 b) $244,480 c) $288,150 (d) $254,910 C.W. Piping manufacturing company produces PVC pipes and drainage ducts for use in the agriculture industry. The table belowshows a list of the major equipment currently owned by the company and current book value. 38 Equipment Book Value | CCA Class CCA Rate 2 Trucks $30,000 16 40% 1 Fork Lift $14,000 30% Poly Vinyl Patent | $10,000 44 25% 1 Factory Building $240,000 4% (48) If the company purchases a second forklift for $12,000 at the beginning of next year, the depreciation deduction for asset class 38 at the end of next year is close to: a) $3,640 b/$4,730 c) $5,900 d) $7,810 Considering the purchase of the 2nd forklift, the book value of the company's assets at the end of next year is close to: a) $242,670 b) $244,480 c) $288,150 (d) $254,910Step by Step Solution
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