just answer

CCA Bryan has been operating a sole proprietorship creating custom jewelry and sculptures out of his home. Because the operation has expanded significantly over the years, he purchases a warehouse to being manufacturing this jewelry and sculptures. The price of the warehouse is $236,853 and $2,600 were incurred in legal fees. The unit is 2,318 sq. feet and will be used 75% for manufacturing and 25% for office space. Upon purchasing the warehouse, he had it appraised and it was determined the fair value is $291,200 with 30% of the value attributed to the land. Also purchased was machinery of $39, 100 USD. This translated to $52,747 Canadian along with $6,440 in import duties and non-refundable sales tax of $2,320. Explain to Bryan what capital cost allowance (CCA) classes the asset would be put in, and the applicable percentages as well as the impact CCA will have on his net business income. Your response should be in a memo format written directly to Bryan