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:

Acute Stress Disorder

A mental condition that develops within a month after exposure to a traumatic event, characterized by severe anxiety and dissociation.

Traumatic Event

An incident that causes physical, emotional, psychological distress or harm, often resulting in lasting mental and physical effects.

Somatoform Disorder

A class of psychological disorders that involves physical symptoms that cannot be fully explained by any underlying medical condition.

Schizoid Personality Disorder

A personality disorder characterized by a long-standing pattern of detachment from social relationships and a limited range of emotional expression.