Question: Che Kanata Construction specializes in large projects in Edmonton and Saskatoon. In 2017, Kanata invested $1.4 million in new excavating equipment, which qualifies for a
Che Kanata Construction specializes in large projects in Edmonton and Saskatoon. In 2017, Kanata invested $1.4 million in new excavating equipment, which qualifies for a CCA rate of 50%. At the same time the firm sold some older equipment on the secondhand market for $155,000. When it was purchased in 2014, the older equipment cost $380,000. Calculate the UCC for the asset pool in each year from 2014 through 2018. (Round the final answers to 2 decimal places. Omit $ sign in your response.) CCA Year 2014 2015 2016 2017 2018 $ $ 95000 142500 $ 71250 $. 350000 $ 525000 Ending UCC $ 285000 $ 142500 $ 71250 $ 1050000 $525000
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