On March 15 of Year 1 XYZ Bought a Machine

question 26

Multiple Choice

On March 15 of year 1 XYZ bought a machine for $50,000.The machine is in class 43 with a CCA rate of 30%.Assuming that the machine is the only asset in that class,what is the CCA that XYZ can claim for the fiscal year ended at the end of year 1?

• A) $7,500
• B) $11,250
• C) $12,750
• D) $15,000

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Definitions:

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