Athabasca Ag Is Purchasing 1,000 Grain Bins at a Cost

question 67

Multiple Choice

Athabasca Ag is purchasing 1,000 grain bins at a cost of $40,000 each.Each bin also has a $5,000 delivery and installation cost,and the bins have a capital cost allowance (CCA) rate of 25%.What is the total incremental undepreciated capital cost (UCC) for year 1?

• A)$40 million
• B)$45 million
• C)$22.5 million
• D)$20 million
• E)$15 million

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