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Kingbird Inc. purchased an asset at a cost of $30,000 on March 1, 2018. The asset has a useful life of seven years and an
Kingbird Inc. purchased an asset at a cost of $30,000 on March 1, 2018. The asset has a useful life of seven years and an estimated residual value of $2,400. For tax purposes, the asset belongs in CCA Class 8, with a rate of 20%. Calculate the CCA for each year, 2018 to 2021, assuming this is the only asset in Class 8.
CCA
2018 $
2019 $
2020 $
2021 $
How would the calculation change for 2018-2021 based on the new CCA rules assuming this is eligible property?
CCA
2018 $
2019 $
2020 $
2021 $
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