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Sweet Manufacturing purchased a machine on August 1 , 2 0 2 3 for use in its factory. Sweet paid $ 5 4 9 ,
Sweet Manufacturing purchased a machine on August for use in its factory. Sweet paid $ for the machine and estimated that it had a useful life of years, at the end of which time the machine was expected to have a residual value of $ During its life, the machine was expected to produce units. During the machine produced units, and produced in The machine was subject to a CCA rate, and Sweet's yearend was December The machine is eligible for the Accelerated Investment Incentive.
Calculate the annual depreciation amount for and using the Capital Cost Allowance method. Please ensure that your answer is correct.
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