Professional Documents
Culture Documents
Equipment Details
Cost of Equipment
Sale Price at end of loan period
CCA Rate
Tax Rate
Discount Rate
$
$
120,000
50,000
30%
28%
5%
Lease Payments
Residual Value
$
Number of payments per year
Term of Lease
Interest Factor or rate
Lease Payment
$
If you know your lease payments enter them here
If you want to use the calculator after all just hit reset button
50,000
1
5
6.0%
18,507
Loan Payments
Down payment
$
25,000
Amount of loan
$
95,000
Annual Interest Rate
6.0%
Length of Loan
5
Number of payments per year
1
Compounding periods per year
12
Payment per year
Err:520
If you know your loan and interest payments enter them in table below
To use calculator after entering pmts hit the reset button
$
$
$
$
$
Lease
92,537
25,910
66,626
$
$
60,576
60,576
24,490 $
25,510
Page 2
Lease
Yr
0
1
2
3
4
5
6
7
8
9
10
Year
*see
note below
Payments
2009
$
2010
$
2011
$
2012
$
2013
$
2014
$
2015
$
2016
$
2017
$
2018
$
2019
$
Purchase
Totals
$
Remaining CCA
Compare
CCA
(only
Capital Expense on a purchase at
end of lease)
18,507
18,507
18,507
18,507
18,507
$
92,537 $
$
$
Err:520
Note * - Year 0 represents the beginning of the year. Lease payment are required in advance so a payment sh
Buy
Yr
Year
*see
note below
0
1
2
3
4
5
6
7
8
9
10
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Payments
$
Interest
Undepreciated
Capital Cost
(UCC)
25,000
Err:520 $
5,859 $
120,000
Err:520
Err:520 $
102,000
Err:520
Err:520 $
71,400
Err:520
Err:520 $
49,980
Err:520
Err:520 $
34,986
Err:520
Err:520 $
Err:520
Err:520 $
Err:520
Err:520 $
Err:520
Err:520 $
Err:520
Err:520 $
Assume no recapture or Terminal loss on sale
Sale
$
50,000
Totals
Err:520
Err:520
Remaining Depreciation
$
24,490
Below is the calculation if there was full recapture or terminal loss on sal
Page 3
50,000
Note * - Year 0 represents the beginning of the year. Lease payment are required in advance so a payment sh
Page 4
ser
ver 1.0
Buy
Err:520
Err:520
Err:520
Difference
Err:520
Err:520
Err:520
Err:520
Err:520
Err:520
Err:520
Advantage
Err:520
Err:520
Err:520
Err:520
Err:520
6,857
Page 5
Page 6
Tax Deduction
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
13,325
13,325
13,325
13,325
13,325
-
25,910 $
66,626
Err:520
Err:520
5,182
5,182
5,182
5,182
5,182
-
1.000
0.9524
0.9070
0.8638
0.8227
0.7835
0.7462
0.7107
0.6768
0.6446
0.6139
Net Present
Value
$
$
$
$
$
$
$
$
$
$
$
13,325
12,691
12,086
11,511
10,963
-
60,576
Err:520
nce so a payment shows in year 0 but not in year 5 since the years 1-5 represent the year end.
CCA
$
$
$
$
$
$
$
$
$
$
$
$
18,000
30,600
21,420
14,994
10,496
-
Tax Deduction
(25,510) $
70,000
Net Present
Value
25,000
Err:520
Err:520
Err:520
Err:520
Err:520
Err:520
Err:520
Err:520
Err:520
Err:520
1.0000 $
0.9524
0.9070
0.8638
0.8227
0.7835
0.7462
0.7107
0.6768
0.6446
0.6139
25,000
Err:520
Err:520
Err:520
Err:520
Err:520
Err:520
Err:520
Err:520
Err:520
Err:520
$
Err:520
(50,000)
Err:520
0.7835 $
(39,176)
Err:520
6,681
Err:520
Err:520
Err:520
Err:520
Err:520
Err:520
Err:520
Err:520
Err:520
(25,510) $
(7,143) $
(42,857)
Err:520
0.7835 $
(33,580)
Err:520
nce so a payment shows in year 0 but not in year 5 since the years 1-5 represent the year end.
Page 8
This sheet allows you to quickly determine the best annual hour selection to choose when considering an equ
Acquire the appropriate information from your dealer and enter it into the yellow cells.
Lease 1
400
$15,000
Lease 2
600
$16,500
$0.1067
225
462
Results
If you think you will use the equipment for less than 462 hours per year the 400 hour lease is less expensive