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In 2006, Sammy Homes, a construction company, purchased two concrete mixer trucks for S 250,000 each. The trucks are expected to last 10 years with
In 2006, Sammy Homes, a construction company, purchased two concrete mixer trucks for S 250,000 each. The trucks are expected to last 10 years with an estimated salvage value of $25,000 each at the end of their useful life. In 2008, the company bought another concrete mixer truck for 310,000 and sold one for S180,000. This truck is expected to last 12 years with an estimated salvage value of 35,000 at the end of its useful life. What would be the UCC at the end of 2010 if the CCA rate is 25% for the depreciable assets? (Assume UCC-0 at the end of 2005)
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