A company acquired a property for $600,000. The building costs are 70% of the value and the balance is land. What is the capital cost allowance for Year 2 if the capital cost allowance is 20% declining balance method. Half-Year rules applies and put-in-use in effect (new rules)?.

Question #12 The company acquired a property for $600,000. The building costs are 70%, ofthe value and the balance is land. What is the capital cost allowance for Year 2 of the capital cost allowance is 20. deelining balance method: half-year rules applies and put-in-use in eflect (new rules)