PearlLimited purchased an asset at a cost of $55,000on March 1, 2020. The asset has a useful life of seven years and an estimated residual value of $2,900. For tax purposes, the asset belongs in CCA Class 8, with a rate of20%. Calculate the CCA for each year, 2020 to 2023, assuming this is the only asset in Class 8.

CCA

2020 $ ____________________________

2021 $ enter a dollar amount

2022$ enter a dollar amount

2023 $enter a dollar amount

How would the calculation change for 2020-2023 based on the new CCA rules implemented in late 2018 (see footnote 20) assuming this is "eligible property"?

CCA

2020 $enter a dollar amount

2021 $enter a dollar amount

2022 $enter a dollar amount

2023 $enter a dollar amount