Question: Prince Rupert Fly n Fish Inc. purchases one small plane in its first year of business for $70,000. In year 2, it purchases another plane

Prince Rupert Fly ‘n’ Fish Inc. purchases one small plane in its first year of business for $70,000. In year 2, it purchases another plane for $90,000. Find the UCC at the end of year 3 if the CCA rate for aircraft is 25 percent.

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Year 1 Capital Cost of 1st plane 3500000 CCA 35000 x 25 875000 UCC end of ... View full answer

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