Kanata Construction specializes in large projects in Edmonton and Saskatoon. In 2021, Kanata invested $1.2...
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Kanata Construction specializes in large projects in Edmonton and Saskatoon. In 2021, Kanata invested $1.2 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 $190,000. When it was purchased in 2018, the older equipment cost $520,000.
Calculate the UCC for the asset pool in each year from 2018 through 2022. (Round the final answers to 2 decimal places. Omit $ sign in your response.)
Finish this below table
Year
CCA
Ending UCC
2018
$
$
2019
$
$
2020
$
$
2021
$
$
2022
$
$
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