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For each of the following depreciable assets, indicate the appropriate CCA class. 1.Photocopy machine 2. Automobile (i.e., passenger vehicle) with a cost of $120,000 (gas
For each of the following depreciable assets, indicate the appropriate CCA class. 1.Photocopy machine 2. Automobile (i.e., passenger vehicle) with a cost of $120,000 (gas powered) 3. Residential rental property acquired for $200,000. The purchase price was allocated $150,000 to the building. 4. Residential rental property acquired for $200,000. The purchase price was allocated $50,000 to the land. 5. Franchise with a limited life 6. Government licence with an unlimited life acquired in 2020 7. Manufacturing and processing equipment acquired in 2020 8. Water storage tank 9. Taxicab (gas powered) 10. Leasehold improvements
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