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 will be the CCA deduction for year 1?
A) $11,250,000
B) $5,625,000
C) $5,000,000
D) $10,000,000
E) $7,750,000
Correct Answer:
Verified
Correct Answer:
Verified
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