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. You own a limousine company. In the first year you buy a $125,000 limousine. . In the second year you purchase a second limousine
. You own a limousine company. In the first year you buy a $125,000 limousine. . In the second year you purchase a second limousine for $150,000. In the third year you purchase a third limousine for $155,000. Limousines are a class 10 asset for which the CCA is calculated by using a depreciation rate of 30%. Using the Capital Cost Allowance (CCA) worksheet that you were provided for the exam to help you with your calculations, answer the questions that are asked (there will be a total of four questions asked about this CCA problem throughout the course of the exam): Year Three (Limousine #2): What is the UCC at the end of the third year
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