Pioneer Logging Owns a Tug Boat to Manage Floating Booms

Multiple Choice

Pioneer Logging owns a tug boat to manage floating booms of felled trees off the Queen Charlotte Islands. The boat was purchased in February of 2006 for $128,000. If the rate for the asset class is 15%, what is the amount of CCA (capital cost allowance) that the company can claim on their 2008 income tax return?

A) $12,832
B) $13,872
C) $14,076
D) $15,096
E) $16,320