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Montreal Smoked Meat Company (MSMC) purchased a machine on February 1, 2019 for $25,000. On October ...

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Montreal Smoked Meat Company (MSMC) purchased a machine on February 1, 2019 for $25,000. On October ...

Montreal Smoked Meat Company (MSMC) purchased a machine on February 1, 2019 for $25,000. On October 10, 2019, it purchased another machine for $50,000. Both machines have a CCA rate of 20% and are in the same asset class. These are the only machines in the class and the company has made no asset purchases or sales for the following two years. MSMC's fiscal year end is December 31. Complete the following table (and show your work):

Fiscal year end	UCC (beginning of year)	Maximum CCA	UCC (end of year)
2019
2020
2021

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Corporate Finance

Edition: 5^th

Author: Booth

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