Problem 2 (30 points): Your company purchased new equipment on the dates and for the costs specified as follows: 01 July 2010 01 May 2011 01 Oct 2012 rchase Price $42 000 $24 000 $30 000 $12 000 S9 000 S10 000 (a) Using straight line depreciation with 10 year depreciable lifetimes, calculate the total book value of your equipment at the end of 2012. (b) Using a CCA rate of 30%, calculate the undepreciated capital cost of your equipment at the end of 2012. Problem 3 (40 points): Your company purchases the following vehicles at the dates and values shown: Truck A Truck B Truck C Truck D 01 Jan 2005 01 Jan 2006 01 May 2006 01 Jan 2007 S 25 000 S 30 000 S 25 000 S 35 000 (a) Your company issues income statements for each calendar year (i.e., assume your year-end is December 31s and you had no prior assets in this class). What is the total depreciation charge (i.e., d) associated with these vehicles on the income statement in 2008 if you use declining balance depreciation with D-20967 Note that you expect each to have a useful life of five years and a salvage value of S7500 (b) If you sold Truck D for $25 000 just before you issue the income statement for 2008 (i.e, t underwent its full scheduled depreciation in that year), how much would your net profit increase for 2008 if you used declining balance depreciation with D-20%