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Your company purchased new equipment on the dates and for the costs specified as follows: 01 May 2010 Purchase Price $48000 01 Nov 2011 $29000 01 Jan 2012 $33000 Salvage Value $15000 $10000 $15000 (a) Using straight line depreciation with 10 year depreciable lifetimes, calculate the total book value (BV) of your equipment at the end of 2012. BV2012-$ (b) Using a CCA rate of 30%, calculate the undepreciated capital cost (UCC) of your equipment at the end of 2012. UCC2012-$

Your company purchased new equipment on the dates and for the costs specified as follows: 01 May 2010 Purchase Price $48000 01 Nov 2011 $29000 01 Jan 2012 $33000 Salvage Value $15000 $10000 $15000 (a) Using straight line depreciation with 10 year depreciable lifetimes, calculate the total book value (BV) of your equipment at the end of 2012. BV2012-$ (b) Using a CCA rate of 30%, calculate the undepreciated capital cost (UCC) of your equipment at the end of 2012. UCC2012-$

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Your company purchased new equipment on the dates and for the costs specified as follows: 01 May 2010 Purchase Price $48000 01 Nov 2011 $29000 01 Jan 2012 $33000 Salvage Value $15000 $10000 $15000 (a) Using straight line depreciation with 10 year depreciable lifetimes, calculate the total book value (BV) of your equipment at the end of 2012. BV2012-$ (b) Using a CCA rate of 30%, calculate the undepreciated capital cost (UCC) of your equipment at the end of 2012. UCC2012-$
Transcribed Image Text:Your company purchased new equipment on the dates and for the costs specified as follows: 01 May 2010 Purchase Price $48000 01 Nov 2011 $29000 01 Jan 2012 $33000 Salvage Value $15000 $10000 $15000 (a) Using straight line depreciation with 10 year depreciable lifetimes, calculate the total book value (BV) of your equipment at the end of 2012. BV2012-$ (b) Using a CCA rate of 30%, calculate the undepreciated capital cost (UCC) of your equipment at the end of 2012. UCC2012-$
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