Coronado Limited purchased an asset at a cost of $25,000 on March 1,2023. The asset...

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Accounting

Coronado Limited purchased an asset at a cost of $25,000 on March 1,2023. The asset has a useful life of seven years and an estimated residual value of $1,100. For tax purposes, the asset belongs in CCA Class 8, with a rate of 20%.(a) Calculate the CCA for each year, 2023 to 2026, assuming Coronado's asset is eligible for the Accelerated Investment Incentive, and that this is the only asset in Class 8.CCA2023$2024$2025$2026$

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