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On June 15, 2017, a second-hand machine was purchased for $77,000. Before being put into service, the equipment was overhauled at a cost of $4,600,

On June 15, 2017, a second-hand machine was purchased for $77,000. Before being put into service, the equipment was overhauled at a cost of $4,600, and additional costs of $400 for direct material and $800 for direct labour were paid in fine-tuning the controls. The machine has an estimated residual value of $3,000 at the end of its five-year useful life. The machine is expected to operate for 100,000 hours before it will be replaced and is expected to produce 1.20 million units in this time. Operating data for the next six fiscal years are provided below. The company has an October 31 fiscal year end.
Year Hours of Operation Units Produced
2017 10,000 110,000
2018 20,000 270,000
2019 20,000 264,000
2020 20,000 310,000
2021 18,000 134,000
2022 12,000 112,000

Calculate the depreciation charges for each fiscal year under each of the following depreciation methods. (Round unit-of-output per unit to 4 decimal places, e.g. 15.2345 and Round other answers to 0 decimal places, e.g. 5,275.) 1. Straight-line method. Pro-rate June 2017 and 2022 to half a month. 2. Activity method: based on output 3. Activity method: based on input 4. Double-declining-balance method. Pro-rate June 2017 to half a month. 5. CCA, Class 8, 20%

Year Straight-line method Activity method: based on output Activity method: based on input Double-declining-balance method CCA, Class 8, 20%
2017 $

$

$

$

$

2018

2019

2020

2021

2022

What is the machines carrying amount on the October 31, 2020 statement of financial position under the first four methods above? (Round answers to 0 decimal places, e.g. 5,275.)

Method Carrying Amount
Straight-line $

Activity method: output $

Activity method: input $

Declining balance $

Calculate the assets tax value on October 31, 2020, assuming a CCA Class 8, with a rate of 20%. (Round answer to 0 decimal places, e.g. 5,275.)

The assets tax value on October 31, 2020 $Enter your answer in accordance to the question statement

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