Question 20

Assume that a company that incorporated (just started business) on February 25, 2017, and purchased a truck for $35,000 on April 14, 2017. The company purchased two small excavators for $20,000 each on June 1, 2019. The following year, on March 20, 2020, the company traded the truck and, with an additional $12,000 cash, purchased a bulldozer. Finally, consider the tax consequences if on November 1, 2020 sold one excavator for $10,000. All the above assets fall into CRA Class 10, which has a 30% CCA rate.

How much CCA can the company claim in 2019?

Question 20 options:

	$11,355.50
	$12,500.50
	$14,249.00
	$12,247.50

Question 22 (2 points)

If expected dividend from a stock is $3.00, market price of the stock today is $30.00 and expected price of the stock at the end of Year 1 is $33.00. What is the stocks total expected return for the coming year?

Question 22 options:

	20%
	6%
	10%
	16%