A piece of newly purchased industrial equipment costs $1,000,000. It is Class 8 property with a CCA rate of 20%.

Calculate the annual CCA and end-of-year book values (UCC) for the first five years. (Omit $ sign in your response.)

Year	CCA	Ending UCC
1	$	$
2	$	$
3	$	$
4	$	$
5	$	$

Answer rating: 100% (QA)

To calculate the annual Capital Cost Allowance CCA and the ending Undepreciated Capital Cos... View the full answer