Your company purchased new equipment on the dates and for the costs specified as follows: Purchase Price Salvage Value $42000 $15000 $28000 $10000 $38000 $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-$91000.00 (b) Using a CCA rate of 30%, calculate the undepreciated capital cost (UCC) of your equipment at the end of 2012. UCC2012 $ 57484.00 my values not correct?

Your company purchased new equipment on the dates and for the costs specified as follows: Purchase Price Salvage Value $42000 $15000 $28000 $10000 $38000 $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-$91000.00 (b) Using a CCA rate of 30%, calculate the undepreciated capital cost (UCC) of your equipment at the end of 2012. UCC2012 $ 57484.00 my values not correct?

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter8: Operating Assets: Property, Plant, And Equipment, And Intangibles

Section: Chapter Questions

Problem 8.5E: Change in Estimate Assume that Bloomer Company purchased a new machine on January 1, 2016, for...

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