Sweet Acacia Limited purchased an asset at a cost of $70,000 on March 1, 2020. The asset has a useful life of seven years and an estimated residual value of $2,000. For tax purposes, the asset belongs in CCA Class 8, with a rate of 20%. Calculate the CCA for each year, 2020 to 2023, assuming this is the only asset in Class 8.

		CCA
2020		$enter a dollar amount
2021		$enter a dollar amount
2022		$enter a dollar amount
2023		$enter a dollar amount

How would the calculation change for 2020-2023 based on the new CCA rules implemented in late 2018 (see footnote 20) assuming this is eligible property?

		CCA
2020		$enter a dollar amount
2021		$enter a dollar amount
2022		$enter a dollar amount
2023		$enter a dollar amount