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A company started on 2016, and acquired equipment with a total capital cost of $ 63000. At the end of that fiscal year the maximum

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A company started on 2016, and acquired equipment with a total capital cost of $ 63000. At the end of that fiscal year the maximum CCA deduction is claimed. Assuming that Canada Revenue Agency (CRA) allows a rate of 50% for the class of the equipment acquired, calculate the following: (Write all your answers using full quantities, i.e., write all the digits of your answer; if you need decimal places, use 2 decimal places) (a) What is the CCA at the end of 2016? (b) What is the UCC at the end of 2016? On the next year, 2017, there were no new acquisitions and the maximum CCA deduction is claimed again for all the equipment. (c) What is the CCA deduction for 2017? (d) What is the UCC at the end of 2017? (e) If during 2018, the equipment is sold for $72059, what is the outcome of that transaction? (No answer given)

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