Question: The EZ Corporation has just started its company today. The company has bought $700,000 of new assets that will be recorded in CCA class

The EZ Corporation has just started its company today. The company has

The EZ Corporation has just started its company today. The company has bought $700,000 of new assets that will be recorded in CCA class 8 that uses a 20 percent CCA rate. The equipment has an expected life of 4 years. In July of year 5, the firm will replace the equipment with new production equipment at a cost of $900,000. The old equipment will be sold for a salvage value of $200,000. Prepare the CCA schedule for the EZ Corporation for the first 5 years. (10 marks)

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