After a year of operations, a luxury Mexican food company is booming, performing well financially. The values of their assets, at the end of Year 1 are: Vacuum Packaging Machines : $650000; Hot Sauce Reactors: $150000; In the next years, the company made the following transactions: 1. At the beginning of Business Year 2, new packaging machines are purchased for $820000; 2. In Year 3, one old packaging machine is sold for $66000; 3. In Year 4, a hot sauce reactor (with reinforced walls) is purchased for $750000 and two old reactors are sold for $170000. This type of equipment has a rate of 30% according to Canada Revenue Agency. (NOTE: Write your answer using the full number (i.e., use all digits), and use two decimal places if needed. Don't type dollar signs or commas in the blanks). The Unclaimed Capital Cost at the end of Year 2 is: The Capital Cost Allowance in Year 3 is: The Capital Cost Allowance in Year 4 is:
After a year of operations, a luxury Mexican food company is booming, performing well financially. The values of their assets, at the end of Year 1 are: Vacuum Packaging Machines : $650000; Hot Sauce Reactors: $150000; In the next years, the company made the following transactions: 1. At the beginning of Business Year 2, new packaging machines are purchased for $820000; 2. In Year 3, one old packaging machine is sold for $66000; 3. In Year 4, a hot sauce reactor (with reinforced walls) is purchased for $750000 and two old reactors are sold for $170000. This type of equipment has a rate of 30% according to Canada Revenue Agency. (NOTE: Write your answer using the full number (i.e., use all digits), and use two decimal places if needed. Don't type dollar signs or commas in the blanks). The Unclaimed Capital Cost at the end of Year 2 is: The Capital Cost Allowance in Year 3 is: The Capital Cost Allowance in Year 4 is:
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:After a year of operations, a luxury Mexican food company is booming, performing well financially. The
values of their assets, at the end of Year 1 are:
Vacuum Packaging Machines : $650000;
Hot Sauce Reactors: $150000;
In the next years, the company made the following transactions:
1. At the beginning of Business Year 2, new packaging machines are purchased for $820000;
2. In Year 3, one old packaging machine is sold for $66000;
3. In Year 4, a hot sauce reactor (with reinforced walls) is purchased for $750000 and two old
reactors are sold for $170000.
This type of equipment has a rate of 30% according to Canada Revenue Agency.
(NOTE: Write your answer using the full number (i.e., use all digits), and use two decimal places if
needed. Don't type dollar signs or commas in the blanks).
The Unclaimed Capital Cost at the end of Year 2 is:
The Capital Cost Allowance in Year 3 is:
The Capital Cost Allowance in Year 4 is:
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