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2/2 points Kounate Construction specializes in large projects in Alberta. In 2020, the firm invested $1.3 million in new excavating equipment, which qualifies for a

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2/2 points Kounate Construction specializes in large projects in Alberta. In 2020, the firm invested $1.3 million in new excavating equipment, which qualifies for a CCA rate of 50%. At the same time the firm sold some older equipment for $160,000. When it was purchased in 2017, the older equipment cost $360,000. What is the CCA for 2020? $321,250 $318.750 $612,750 $608,750 $358,750

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