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Please provide step-by-step solution for both parts Your company purchased new equipment on the dates and for the costs specified as follows: Purchase Price Salvage
Please provide step-by-step solution for both parts
Your company purchased new equipment on the dates and for the costs specified as follows: Purchase Price Salvage Value 01 May 2010 $42000 $15000 01 Nov 2011 $28000 $10000 01 Jan 2012 $32000 $15000 (a) Using straight line depreciation with 10 year depreciable lifetimes, calculate the total book value (BV) of your equipment at the end of 2012. BV2012=$ (b) Using a CCA rate of 30%, calculate the undepreciated capital cost (UCC) of your equipment at the end of 2012. UCC2012=$Step by Step Solution
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