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please solve this question for CCA schedule. also assume tge building was acquired after 2007 and is used for non residential purposes ( but not
please solve this question for CCA schedule. also assume tge building was acquired after 2007 and is used for non residential purposes ( but not primarily manufacturing) asap !! thank you The income statement that has been prepared by Retainment Ltd.'s accountant for the current year ending June 30 is as follows: Note 1: Retainment's assets include: During the year, Retainment decided it would most cost effective to rent delivery vans as necessary than own the vehicles. Proceeds of $120,000 were received on the sale of the vans. New equipment and furniture was purchased for $45,000. Note 2: Retainment carries a life insurance policy on the major shareholder to ensure the company can survive until personnel can be replaced or redeployed in the event of his death. Note 3: Meals and Entertainment expense included $6,000 to sponsor local children's sports teams. The remainder was spent while entertaining clients. Note 4: $37,000 was spent to replace leaking windows. The balance was spent to install a sky light above the employee breakroom. The income statement that has been prepared by Retainment Ltd.'s accountant for the current year ending June 30 is as follows: Note 1: Retainment's assets include: During the year, Retainment decided it would most cost effective to rent delivery vans as necessary than own the vehicles. Proceeds of $120,000 were received on the sale of the vans. New equipment and furniture was purchased for $45,000. Note 2: Retainment carries a life insurance policy on the major shareholder to ensure the company can survive until personnel can be replaced or redeployed in the event of his death. Note 3: Meals and Entertainment expense included $6,000 to sponsor local children's sports teams. The remainder was spent while entertaining clients. Note 4: $37,000 was spent to replace leaking windows. The balance was spent to install a sky light above the employee breakroom
also assume tge building was acquired after 2007 and is used for non residential purposes ( but not primarily manufacturing)
asap !!
thank you
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