The company's undepreciated capital cost at the beginning of the current year is close to: a) $114.700 b) $294,000 c) $291,060 d) $186,000 The total depreciation deduction permitted at the end of the current year is close to: a) $2,940 b) $265,700 c) $114,700 d) $28,300 If the company purchases a second forklift for $12,000 at the beginning of next year, the depreciation deduction for asset class 38 at the end of next year is close to: a) $7,800 b) $4,740 c) $6,000 d) $3,600 Considering the purchase of the 2nd forklift, the book value of the company's assets at the end of next year is close to: a) $244,485 b) $242,669 c) $288,149 d) $254.900

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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please Do not Give image format and question (not in excel) and provide explained details thanks!
Willis and Gouw manufacturing company produces PVC pipes and drainage ducts for use in the
agriculture industry. The table below shows a list of the major equipment currently owned by the
company and current book value.
Equipment
2 Trucks
1 Fork Lift
Poly Vinyl Patent
1 Factory Building
(45) The company's
a) $114,700
(46)
Book Value
$30.000
$14,000
$10,000
$240.000
CCA Class
16
38
44
1
CCA Rate
40%
30%
25%
4%
undepreciated capital cost at the beginning of the current year is close to:
b) $294,000
c) $291,060
d) $186,000
The total depreciation deduction permitted at the end of the current year is close to:
a) $2,940
b) $265,700
d) $28.300
c) $114.700
(47)
If the company purchases a second forklift for $12,000 at the beginning of next year, the
depreciation deduction for asset class 38 at the end of next year is close to:
a) $7,800
b) $4.740
c) $6,000
d) $3,600
b) $242,669
(48) Considering the purchase of the 2nd forklift, the book value of the company's assets at the
end of next year is close to:
a) $244,485
c) $288.149
d) $254.900
Transcribed Image Text:Willis and Gouw manufacturing company produces PVC pipes and drainage ducts for use in the agriculture industry. The table below shows a list of the major equipment currently owned by the company and current book value. Equipment 2 Trucks 1 Fork Lift Poly Vinyl Patent 1 Factory Building (45) The company's a) $114,700 (46) Book Value $30.000 $14,000 $10,000 $240.000 CCA Class 16 38 44 1 CCA Rate 40% 30% 25% 4% undepreciated capital cost at the beginning of the current year is close to: b) $294,000 c) $291,060 d) $186,000 The total depreciation deduction permitted at the end of the current year is close to: a) $2,940 b) $265,700 d) $28.300 c) $114.700 (47) If the company purchases a second forklift for $12,000 at the beginning of next year, the depreciation deduction for asset class 38 at the end of next year is close to: a) $7,800 b) $4.740 c) $6,000 d) $3,600 b) $242,669 (48) Considering the purchase of the 2nd forklift, the book value of the company's assets at the end of next year is close to: a) $244,485 c) $288.149 d) $254.900
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