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 $ $ $

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter11: Depreciation, Depletion, Impairment, And Disposal

Section: Chapter Questions

Problem 13P

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