Havelock Industries bought new manufacturing equipment (Class 8) with a CCA rate of 20 percent for $4,125,000
Question:
Havelock Industries bought new manufacturing equipment (Class 8) with a CCA rate of 20 percent for $4,125,000 in 2011 and then paid $75,000 for installation it capitalized in Class 8. The firm also invested $4 million in a new brick building (Class 3) with a CCA rate of 5 percent. During 2011 Havelock finished the project and put it in use. Find the total CCA for Havelock for 2011 and 2012.
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CCA on equipment Year Beginning UCC 20 CCA Ending UCC 2011 ...View the full answer
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-0071051606
8th Canadian Edition
Authors: Stephen A. Ross, Randolph W. Westerfield
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