Question
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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.
Solutions
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 agoRelated Solutions
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