Question
In 2020, Kanya Construction bought a new equipment priced $969,885. Kanya trade in the old equipment for $126,980. The new equipment qualified for a CCA
In 2020, Kanya Construction bought a new equipment priced $969,885. Kanya trade in the old equipment for $126,980. The new equipment qualified for a CCA class with a rate of 25%. There was no previous equipment under this class. Calculate the CCA amount that Kanya can claim in 2020. Round your answer to the nearest dollar.
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Principles Of Banking
Authors: Allyn C Buzzel
11th Edition
089982689X, 9780899826899
