8. The following capital assets have been correctly recorded and depreciated in 2020: Accumulated Book value at Capital asset Cost Depreciation Dec. 31, 2020 Manufacturing $ 9,000,000 $ 750,000 $ 8,250,000 facilities Office equipment 1,200,000 50,000 1,150,000 Vehicles 400,000 75,000 325,000 $ 10,600,000 $ 875,000 $ 9,725,000 Note for 2020: CCA on the above assets was $1,675,000. INCOME TAX 9. In calculating income tax expense, Daniel Debit simply multiplied the 2020 tax rate (20%) by the income before tax amount on the original income statement