On October 1, you purchased a residential home in which to locate your professional office for $150,000.

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On October 1, you purchased a residential home in which to locate your professional office for $150,000. The appraisal is divided into $30,000 for the land and $120,000 for the building.

(a) In your first year of ownership, how much CCA can you deduct? (Assume that the entire house is used for business.).

(b) What is the undepreciated capital cost (UCC) of the building after 4 years?

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Contemporary Engineering Economics

ISBN: 978-0136118480

5th edition

Authors: Chan S. Park

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Question Posted: Apr 18, 2012 09:22 AM

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On October 1, you purchased a residential home in which to locate your professional office for $150,000.

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