Homework Answers
| E11.30) |
| a) Straight line method = (cost - salvage)*months in use/(life years*12) |
| Depreciation for 2020 = (136400-14200)*5/(6*12)=8486 |
| b) Activity method = (cost - salvage)*hours used/life hours |
| Depreciation for 2020 = (136400-14200)*800/18000 = 5431 |
| c) double-declining-balance method = book cost value*DD depreciation rate*months in use/12 |
| DD depreciation rate = 100 * /6 = 33.33% |
| Depreciation for 2020 = 136400*33.33%*5/12 = 18943 |
| Depreciation for 2021= (136400-18943)*33.33% = 39148 |
| d) Capital cost allowance method = book cost value * CCA depreciation rate ie. 25% |
| CCA depreciation rate for first year = 50% of 25% = 12.50% |
| Depreciation for 2020 = 136400 * 12.50%= 17050 |
| Depreciation for 2021 = (136400-17050) * 25%= 29838 |
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