The value of your investment is divided into $30,000 for the land and $120,000 for the office space. Assume the salvage value of your investment is $40,000 at the end of seventh year. Using CCA=7%, compute the undepreciated capital cost of the office space for year four.

Question 6 options:

a)

Between$103,000 and $106,000

b)

None of the answers are correct

c)

Between $92,000 and $95,000

d)

Between $114,000 and $117,000

e)

Between $110,000 and $113,000

f)

Between $95,000 and $98,000