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Longbow Lumber is purchasing a new horizontal resaw at a cost of $390,000. There is an additional $20,000 delivery and installation cost. The machine has

image text in transcribed Longbow Lumber is purchasing a new horizontal resaw at a cost of $390,000. There is an additional $20,000 delivery and installation cost. The machine has a capital cost allowance (CCA) rate of 15%. What will be the CCA deduction for year 1 ? A. $30,750 B. $29,250 C. $61,500 D. $205,000 E. $195,000

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