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3) Suppose an engineering firm buys an asset for $100,000 and has a useful life of 5 years. Site preparation is $10,000 and shipping charges

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3) Suppose an engineering firm buys an asset for $100,000 and has a useful life of 5 years. Site preparation is $10,000 and shipping charges are $5,000. Labour to install the machine is $5,000 Calculate the depreciation (CCA) for each year and UCC if the CCA rate is 25% - Class 39. (Use the 50% rule)

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