32) Calculate depreciation and CCA A machine costing $400,000 is acquired on October 1, 2019. Its estimated residual value is $40,000 and its expected life is eight years. The company has a calendar year end. The asset is a Class 8 asset with a maximum CCA rate of 20%. Instructions Calculate depreciation expense/CCA for 2019 and 2020 by each of the following methods: a) Double declining-balance b) Capital cost allowance