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Sweet Acacia Limited purchased an asset at a cost of 520,000 on March 1.2023. The asset has a useful life of urven ivears and an
Sweet Acacia Limited purchased an asset at a cost of 520,000 on March 1.2023. The asset has a useful life of urven ivears and an estimated residual value of $3,400. For tax purposes, the asset belongs in CCA Clans a. with a rate of 208s. (a) Calculate the CCA for each year, 2023 to 2026, assuming Sweet Acacia's anset is eligibie for the Acceierated imvestment incmtive. and that this is the only asset in Class 8. (b) How would the calculation for each year from 2024 to 2026 change if the asset had been purchased in 2024
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