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MotoSport is buying an asset that costs $730.000 and can be depreciated at 20 percent...

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Accounting

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MotoSport is buying an asset that costs $730.000 and can be depreciated at 20 percent per year (Class 8) over its eight year life. The asset is to be used in a three-year project, at the end of the project, the asset can be sold for $320,000. The company faces a tax rate of 26%. The sale of this asset will close the asset class. What is the charge that Motosport can take as CCA in the third year of the asset

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