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Question 15 (2 points) Kinnetics Inc. purchased Equipment Z for $25,000 on January 2, 2015. Kinnetics is subject to a 25% tax rate and all
Question 15 (2 points) Kinnetics Inc. purchased Equipment Z for $25,000 on January 2, 2015. Kinnetics is subject to a 25% tax rate and all of Kinnetics' depreciable assets are Class 10 with a CCA of 30%. Kinnetics Inc. beginning UCC is $90,000 in 2016. In 2016, Kinnetics Inc. replaced Equipment Z with Equipment Z+. It was able to sell Equipment Z for $21,500 and Equipment Z+ cost $27,000. What is the CCA for 2016? Instructions: Enter your answer below with a $ sign and comma to separate thousands. Round of your answer to the nearest Dollar. Example if your answer is $33,333.33 then enter $33,333 in the box below. Do not leave a space between the commas, numbers, or dollar sign. Do not use decimal places at all
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