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"A company paid $400,000 in 2016 for a used office building. This purchase price represents...

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Accounting

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"A company paid $400,000 in 2016 for a used office building. This purchase price represents $282300 for the building and $117700 for the land. Calculate the capital cost allowance and the undepreciated capital cost over the first five years of ownership." Tax Depreciation Schedule Year 1 2 3 4 5 $ $ $ $ S UCCS $ NOTE: Please enter your answers to two decimal places

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