Kanata Construction specializes in large projects in Edmonton and Saskatoon. In 2011, Kanata invested $1.5 million in

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Kanata Construction specializes in large projects in Edmonton and Saskatoon. In 2011, Kanata invested $1.5 million in new excavating equipment, which qualifies for a CCA rate of 50 percent. At the same time the firm sold some older equipment on the secondhand market for $145,000. When it was purchased in 2008, the older equipment cost $340,000. Calculate the UCC for the asset pool in each year from 2008 through 2012.

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Related Book For  answer-question

Fundamentals of Corporate Finance

ISBN: 978-0071051606

8th Canadian Edition

Authors: Stephen A. Ross, Randolph W. Westerfield

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