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Kanata Construction specializes in large projects in Edmonton and Saskatoon. In 2017, Kanata invested $1.5 million in new excavating equipment, which qualifies for a CCA
Kanata Construction specializes in large projects in Edmonton and Saskatoon. In 2017, Kanata invested $1.5 million in new excavating equipment, which qualifies for a CCA rate of 50%. At the same time the firm sold some older equipment on the secondhand market for $205,000. When it was purchased in 2014, the older equipment cost $580,000.
Calculate the UCC for the asset pool in each year from 2014 through 2018. (Round the final answers to 2 decimal places. Omit $ sign in your response.)
Year | CCA | Ending UCC |
2014 | $ | $ |
2015 | $ | $ |
2016 | $ | $ |
2017 | $ | $ |
2018 | $ | $ |
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