QuickHelper

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Category > Business & Finance Posted 31 May 2017 My Price 7.00

The construction of abuilding costing $12,0CI0,000 started i* Year I and was completed

Question description

 

 

Question #28

The construction of abuilding costing $12,0CI0,000 started i* Year I and was completed

and occupied in Year 2 (two years constructions). $8,000,000 of the construction costs

was incurred in Year I and the halance in Year 2.

Using the old rules or systern (5% CCA rate, declining balance method, full year rcrle and

no put-in-use)" what is the capital cost allowance {CCA) in Year 3?

:;ti*.i$551,000

b. $570,000

c. 556l ,000

d. $598,500

e. None ofthe above

I got a completely different answer--910,000 but the answer is a I don;t understand

Answers

QuickHelper
(10)
Status NEW Posted 31 May 2017 11:05 AM My Price 7.00

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