Question 3 (20 Marks) A contracting company purchased a new equipment in year 2000 at a cost of $200,000. The delivery and installation costs incurred by the company for the equipment is $40,000. Assuming the equipment has a service life of 10 years starting from the day of purchase (in year 2000) and a CCA rate of 30%, determine the balance of the UCC form the year of purchase to the end of its service life