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The cost of a scooptram is $385,000, its estimated life is 5 years and its estimated salvage value at the end of the 5-year period
- The cost of a scooptram is $385,000, its estimated life is 5 years and its estimated salvage value at the end of the 5-year period is $27,000. In a table format, show the annual depreciation charge (expense), accumulated depreciation and book value of the scooptram for each year of its estimated life using: (9 points)
- The straight line depreciation method
- The declining balance method. Assume a CCA rate of 30%.
- The Sum of years digit method.
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