Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer is c,d pls show work For Questions 19 and 20: A company purchased two new computer servers this year with the following asset values:

answer is c,d pls show work
image text in transcribed
For Questions 19 and 20: A company purchased two new computer servers this year with the following asset values: - GoliathX1: $250,000 - Terafic: $100,000. The company has other servers with remaining UCC of $120,000. Assume that Canada Revenue Agency allows a rate of 30% for this asset class. 19) This year's CCA is: a) $36,000. b) $75,000. c) $88,500. d) $105,000. e) $141,000. 20) The remaining UCC after the end of this year will be: a) $154,000. b) $206,500. c) $365,000. d) $381,500. e) $395,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Frank Woods Business Accounting Volume 2

Authors: Frank Wood, Alan Sangster

11th Edition

0273712136, 9780273712138

More Books

Students also viewed these Accounting questions

Question

=+How is CSR different from strategic CSR?

Answered: 1 week ago