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Your company purchased new equipment on the dates and for the costs specified as follows: Purchase PriceSalvage Value $45,000 $25,000 $35,000 01 May 2010 01
Your company purchased new equipment on the dates and for the costs specified as follows: Purchase PriceSalvage Value $45,000 $25,000 $35,000 01 May 2010 01 Nov 2011 01 Jan 2012 $15,000 $10,000 $15,000 (a) Using straight line depreciation with 10 year depreciable lifetimes, calculate the total book value of your equipment at the end of 2012. (15 points) (b) Using a CCA rate of 30%, calculate the undepreciated capital cost of your equipment at the end of 2012. (15 points)
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