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please help solve this asap.with steps a In 2021, ABC Corporation purchased a building with a capital cost allowance (CCA) rate of 4% for $1,000,000.
please help solve this asap.with steps
a In 2021, ABC Corporation purchased a building with a capital cost allowance (CCA) rate of 4% for $1,000,000. Half-year rule applies. a. Calculate the amount of CCA for year 2022. Show your work. (2 marks) b. Calculate the ending balance of undepreciated capital cost (UCC) at the end of year 2022. Show your work. (1 mark) Step by Step Solution
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