A firm just bought a piece of machinery for $1,500,000 that is projected to last for...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A firm just bought a piece of machinery for $1,500,000 that is projected to last for 10 years. This asset is subject to a CCA rate of 30% and the half-year rule. What is the CCA on this asset in Year 3 of its life? Select one: O a. $267,750 O b. $450,000 O c. $220,500 O d. $187,425 O e. $624,750 A firm just bought a piece of machinery for $1,500,000 that is projected to last for 10 years. This asset is subject to a CCA rate of 30% and the half-year rule. What is the CCA on this asset in Year 3 of its life? Select one: O a. $267,750 O b. $450,000 O c. $220,500 O d. $187,425 O e. $624,750
Expert Answer:
Answer rating: 100% (QA)
Answer 267750 st f Mhinery is 1500000 nd this munt must r... View the full answer
Related Book For
Engineering Economy
ISBN: 978-0132554909
15th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Posted Date:
Students also viewed these general management questions
-
3. A business is considering purchasing a machine that is projected to yield cash, savings of $1,000 per year over a 10-year period. Using a 12 percent discount rate, calculate the present value of...
-
Aussie Imports purchased a specialized piece of machinery for $50,000 on January 1, 20X3. At the time of acquisition, the machine was estimated to have a service life of 5 years (25,000 operating...
-
Firm ABC bought a piece of equipment 6 years ago, which firm XYZ has just purchased for $1,500,000. The equipment is expected to be operational for 20 more years. If its class life is 12 years, what...
-
For Problem 511, complete the design of a pair of helical gears to operate under the stated conditions. Specify the geometry of the gears and the material and its heat treatment. Assume that the...
-
Refer to Exercise 13.72. Using the independent variable x, suggest a single general linear model that could be used to fit the data from all four laboratories. Identify the parameters in this general...
-
A CU extension test was performed on a normally consolidated specimen using axial extension. The strength ratio was -0.280, and the effective failure angle, ' = 26.5 deg. Find A f.?
-
How do you graphically depict the OE architecture that includes detail interactions of the Higher-Order Systems and Physical Environment domains?
-
The Solomon, Smith, and Samson law firm produces many legal documents that must be word processed for clients and the firm. Requests average eight pages of documents per hour, and they arrive...
-
ACCOUNTS AMOUNTS IN PESO June July 1 Cash on hand 20,000.00 45,000.00 2 Accounts Receivable 10,000.00 15,000.00 3 Sales 230,000.00 220,000.00 4 Allowance for doubtful accounts 5,000.00 5,000.00 5...
-
Congratulations! You've just been hired by a company as their new Quality Manager. They are a large manufacturer of parts for the aerospace industry. The boss sits you down on the first day and...
-
What is the relationship between systems analysts and stakeholders? This relationship has a significant impact on a business case that is developed around an idea or proposal
-
What conflict might exist between utility-maximization and eating all you can handle? What feature of the marginal utility from ballpark food enables the Pirates to make this offer?
-
Market shares of chocolate makers are Calculate the Herfindahl-Hirschman Index. What is the structure of the chocolate industry? Firm Truffles, Inc. Magic, Inc. Mayfair, Inc. All Natural, Inc. Gold,...
-
Calculate the marginal product of labor and draw the marginal product curve.
-
A recent study showed that an autonomous robot can perform soft-tissue surgery, and do so better than a human surgeon. a. Assume that performing a surgery with a surgical robot requires fewer...
-
Macys Is Closing Another 100 Stores Macys will close 15 percent of its department stores and employees at closed stores may be offered jobs in nearby stores. Premiere Macys locations could be scaled...
-
Velma is an accredited investor who works for an investment bank. She does a lot of research and due diligence on companies that want to sell stock but that are not prepared to file a registration...
-
How is use of the word consistent helpful in fraud reports?
-
The managers of a company are considering an investment with the following estimated cash flows. MARR is 15% per year. Capital investment ............................. $ 30,000 Annual revenues...
-
How many units per year must be sold for the company to breakeven? (a) 4,800 (b) 3,000 (c) 8,000 (d) 6,667 (e) 4,000
-
$15,000 was invested, from which can be withdrawn a geometric gradient series of annual payments decreasing at the rate of 10% per year. The first payment received was $3,000 and it occurred after...
-
Calculate the personal savings allowance available in 2023-24 to a taxpayer with taxable income for the year (i.e. net income less any available personal allowance) of: (a) 20,000 (b) 37,701 (c)...
-
Calculate the 2023-24 income tax liability of a non-Scottish taxpayer with taxable income (i.e. income remaining after deducting any available personal allowance) of: (a) 11,730 (b) 15,280 (c) 30,000...
-
In April 2023, HMRC issues a notice requiring an individual to submit a tax return for the year 2022-23. The return is submitted electronically to HMRC on 8 December 2023. (a) State the date by which...
Study smarter with the SolutionInn App