Calculate depreciation and CCA Five identical vehicles which cost $500,000 (total)are acquired on April 1, 2014.Their estimated residual value is $20,000 and expected life is eight years.These assets are Class 10 with a maximum CCA rate of 30%.The company has a December 31 year end. Instructions Calculate the depreciation expense/CCA (to the nearest dollar)by each of the following methods:
a)Straight-line for 2014
b)Double declining-balance for 2015
c)Maximum Capital cost allowance for 2015

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The Answer of Calculate depreciation and CCA Five identical vehicles which cost $500,000 (total)are acquired on April 1, 2014.Their estimated residual value is $20,000 and expected life is eight years.These assets are Class 10 with a maximum CCA rate of 30%.The company has a December 31 year end. Instructions Calculate the depreciation expense/CCA (to the nearest dollar)by each of the following methods:
a)Straight-line for 2014
b)Double declining-balance for 2015
c)Maximum Capital cost allowance for 2015

Calculate Depreciation and CCA Five Identical Vehicles Which Cost $500,000