In 2021, a new factory building was acquired by Tyerek Ltd. at a cost of $1,230,000. The
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In 2021, a new factory building was acquired by Tyerek Ltd. at a cost of $1,230,000. The estimated value of the land included in the purchase price is $400,000. The building will be used 100% for manufacturing and processing and an election will be filed to include the building in a separate class. Calculate the maximum CCA that can be claimed by Tyerek Ltd. for the taxation year ending December 31, 2021.
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