On January 1, 2018, Bramble Corporation, a small manufacturer of machine tools, acquired new industrial equipment for $860,000. The new equipment had a useful life of five years and the residual value was estimated to be $35,000. Bramble estimates that the new equipment can produce 9,500 machine tools in its first year. It estimates that production will decline by 1,000 units per year over the equipment's remaining useful life.

The following depreciation methods may be used: (1) straight-line, (2) double-declining-balance, and (3) units of production.

For tax purposes, the CCA class is Class 10, 30%

.what is schedule showing the amount of accumulated depreciation at December 31, 2020, under straight-line method, double-declining balance method and units-of-output method.

Straight-lineDouble-declining balanceUnits-of-output2018

$

$

$

2019

$

$

$

2020

$

$

$

Which of the three depreciation methods would maximize net income for financial statement reporting purposes for the three-year period ending December 31, 2020?

Straight-line method

Double-declining-balance method

Units-of-output method

would maximize net income for financial statement reporting purposes for the three year period ending December 31, 2020.

Over the same three-year period, how much capital cost allowance would have been claimed for tax purposes?

CCA

2018

$

2019

$

2020

$