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Question - Encor Ltd. purchased new machinery worth $630,000. The salvage value of the machinery is $85,000 after 7 years.
The machine will allow the company to increase production by 45,000 units per year at $35 per unit. Variable costs per unit are $15 and the fixed costs per year are $110,000.
The required rate of return on the project using this machinery is 12% and a marginal tax rate of 42% is applicable to the company.
Required -
(a) Calculate the depreciation value per year of the machinery using the straight-line depreciation method.
(b) Develop the Pro-Forma Statement of Comprehensive Income for the next year.
(c) If the CCA rate applicable on the machinery is 22%, compute the present value of the CCA tax shield for the machinery.
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