If a company purchased an asset with an installed cost of $4,000,000 and it qualifies...
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Accounting
If a company purchased an asset with an installed cost of $4,000,000 and it qualifies for a 30% CCA rate, what is the beginning UCC for year 2? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50.
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