simt Prave (CCA Calentations Over 5 Years) ested as Class 10 assels Cac Decon begins operations in Vancouver on September 1, 2014. These operation take out operation that provides home delivery throughout the city. To facilitate this late dan kunt sit down restaurant specializing in northern Chinese cuisine, as well as wholes. The cost of these cars is $12,000 each and, for purposes of calculating CCA, they are operation on October 12, 2014, the Company acquires 20 small cars to be used as delivery 31. the fiscal periods 2015 through 2019, the following transactions take place with During the first year of operations, the Company establishes a fiscal year ending on December 2015 The Company acquires five more cars at a cost of $12,500 each. In addition, 2017 in December 2017, 13 of the original cars and 3 of the newer cars are sold for 5128,000. It was the intent of the Company to replace these cars. However, because of a delay in delivery by the car dealer, the replacement did not occur until January, of for total proceeds of $ 2018. respect to the Company's fleet of delivery cars: 2016 There are no new acquire , o during this year. However, four of the 2018 In January of 2018, the Company takes delivery of 25 new delivery cars at a cost of 516,000 each. No cars are disposed of during 2018. 2019 in March, 2019 there is a change in management at Golden Dragon Ltd. They conclude that the Company's take out operation is not in keeping with the more elegant image that the sit down restaurant is trying to maintain. As a consequence, the take out operation is closed, and the 27 remaining delivery cars are sold. Because of the large number of cars being sold, the total proceeds are only $268,000. Colden Dragon Ltd. takes maximum CCA in each of the years under consideration. Required: For each of the fiscal years 2014 through 2019, calculate CCA, recapture, or terminal loss for Colden Dragon's fleet of cars. In addition, indicate the lanum each of the years 2015 through 2020. simt Prave (CCA Calentations Over 5 Years) ested as Class 10 assels Cac Decon begins operations in Vancouver on September 1, 2014. These operation take out operation that provides home delivery throughout the city. To facilitate this late dan kunt sit down restaurant specializing in northern Chinese cuisine, as well as wholes. The cost of these cars is $12,000 each and, for purposes of calculating CCA, they are operation on October 12, 2014, the Company acquires 20 small cars to be used as delivery 31. the fiscal periods 2015 through 2019, the following transactions take place with During the first year of operations, the Company establishes a fiscal year ending on December 2015 The Company acquires five more cars at a cost of $12,500 each. In addition, 2017 in December 2017, 13 of the original cars and 3 of the newer cars are sold for 5128,000. It was the intent of the Company to replace these cars. However, because of a delay in delivery by the car dealer, the replacement did not occur until January, of for total proceeds of $ 2018. respect to the Company's fleet of delivery cars: 2016 There are no new acquire , o during this year. However, four of the 2018 In January of 2018, the Company takes delivery of 25 new delivery cars at a cost of 516,000 each. No cars are disposed of during 2018. 2019 in March, 2019 there is a change in management at Golden Dragon Ltd. They conclude that the Company's take out operation is not in keeping with the more elegant image that the sit down restaurant is trying to maintain. As a consequence, the take out operation is closed, and the 27 remaining delivery cars are sold. Because of the large number of cars being sold, the total proceeds are only $268,000. Colden Dragon Ltd. takes maximum CCA in each of the years under consideration. Required: For each of the fiscal years 2014 through 2019, calculate CCA, recapture, or terminal loss for Colden Dragon's fleet of cars. In addition, indicate the lanum each of the years 2015 through 2020
