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Jamie O. purchased a new piece of equipment during 2019 (the current year) that he uses to manufacture pants. He purchased it from Italy so
Jamie O. purchased a new piece of equipment during 2019 (the current year) that he uses to manufacture pants. He purchased it from Italy so had to pay to have it sent over to Canada. He paid $70,000 for the equipment, $3,000 for shipping, and $1,000 for duties at the border. Because the government wants to encourage pants makers in Canada, they gave Jamie a $20,000 grant to purchase the equipment with. What CCA Class should Jamie include the equipment in? (do not use decimals for this answer) What is the amount that Jamie should add to the UCC Pool of that Class? Reports numbers in this format: 100,000 (but don't worry if system marks it wrong)
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