Montreal Smoked Meat Company (MSM)purchased a Machine on February 1,2014

question 12

Essay

Montreal Smoked Meat Company (MSM)purchased a machine on February 1,2014 for $25,000.On October 10,2014 it purchased another machine for $50,000.Both machines have a CCA rate of 30% and are in the same asset class.These are the only machines in the class and the company made no asset purchases or sales for the following two years.MSM's fiscal year end is December 31.Complete the following table (and show your work):

---

Definitions:

Receptor Proteins

Proteins located on cell surfaces or within cells that bind specific molecules, triggering various cellular responses.

Hormones

Chemical messengers produced by glands in the endocrine system, affecting various processes in the body like growth and metabolism.

Enzymes

Biological molecules that significantly speed up the rate of virtually all of the chemical reactions that take place within cells.

Plasmodesmata

Channels in plant cell walls that enable communication and transport between cells.