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Kanata Construction specializes in large projects in Edmonton and Saskatoon. In 2021, Kanata invested $1.8 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 $220,000. When it was purchased in 2018, the older equipment cost $640,000. 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.) Year 2018 2019 2020 2021 2022 $ $ CCA Ending UCC S S $ $ $

Kanata Construction specializes in large projects in Edmonton and Saskatoon. In 2021, Kanata invested $1.8 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 $220,000. When it was purchased in 2018, the older equipment cost $640,000. 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.) Year 2018 2019 2020 2021 2022 $ $ CCA Ending UCC S S $ $ $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Kanata Construction specializes in large projects in Edmonton and Saskatoon. In 2021, Kanata invested $1.8 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 $220,000. When it was purchased in 2018, the older equipment cost $640,000. 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.) Year 2018 2019 2020 2021 2022 $ $ $ $ $ CCA Endang UCC $ S $
Transcribed Image Text:Kanata Construction specializes in large projects in Edmonton and Saskatoon. In 2021, Kanata invested $1.8 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 $220,000. When it was purchased in 2018, the older equipment cost $640,000. 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.) Year 2018 2019 2020 2021 2022 $ $ $ $ $ CCA Endang UCC $ S $
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