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TARTAN LTD. is a company operating in Nova Scotia. Currently, the company uses the following two...

TARTAN LTD. is a company operating in Nova Scotia. Currently, the company uses the following two CCA classes. Class 8 (CCA rate 35%) Class 5 (CCA rate 20%) During 2019, the company purchased $85,000 worth of Class 8 assets and $200,000 worth of Class 5 assets. Calculate TARTAN LTD’s total CCA in 2019 and 2020 due to these two purchases.

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Expert Solution

TARTAN LTD's Total CCA

2019 34,875.00

2020 189,581.25

In the first year (year of purchase), half year rule applied.

jeff jeffy answered 2 years ago
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