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Question 8(2points) Kounate Construction specializes in large projects in Alberta.In 2020,the firm invested $1.3 million...

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Question 8(2points)
Kounate Construction specializes in large projects in Alberta.In 2020,the firm
invested $1.3 million in new excavating equipment,which qualifies for a ccA rate of50%. At the same time the firm sold some older equipment for $160.000.When it was purchased in 2017, the older equipment cost $360,000.What is the ccA for2020?
$358,750
$612,750
$318,750
$608,750
$321,250
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Question 8 (2 points) Kounate Construction specializes in large projects in Alberta. In 2020, the firm invested $1.3 million in new excavating equipment, which qualifies for a CCA rate of 50%. At the same time the firm sold some older equipment for $160,000. When it was purchased in 2017, the older equipment cost $360,000. What is the CCA for 2020? $358.750 $612.750 $318,750 $608,750 $321.250

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