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Your company purchased new equipment on the dates and for the costs specified as follows: Purchase Price Salvage Value $42000 $15000 $28000 $10000 $32000 $15000 01 May 2010 01 Nov 2011 01 Jan 2012 (a) Using straight line depreciation with 10 year depreciable lifetimes, calculate the total book value (BV) of your equipment at the end of 2012. BV2012=$ (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: Purchase Price Salvage Value $42000 $15000 $28000 $10000 $32000 $15000 01 May 2010 01 Nov 2011 01 Jan 2012 (a) Using straight line depreciation with 10 year depreciable lifetimes, calculate the total book value (BV) of your equipment at the end of 2012. BV2012=$ (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: Salvage Value $15000 $10000 $15000 01 May 2010 01 Nov 2011 01 Jan 2012 Purchase Price $42000 $28000 $32000 (a) Using straight line depreciation with 10 year depreciable lifetimes, calculate the total book value (BV) of your equipment at the end of 2012. BV2012=$ (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: Salvage Value $15000 $10000 $15000 01 May 2010 01 Nov 2011 01 Jan 2012 Purchase Price $42000 $28000 $32000 (a) Using straight line depreciation with 10 year depreciable lifetimes, calculate the total book value (BV) of your equipment at the end of 2012. BV2012=$ (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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