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please answer the question one in the right way i see some questions in the...

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Accounting

please answer the question one in the right way i see some questions in the chegg but it iswrong Q1:buffalo limited purchased an assets at a cost of $40000 on march 1,2023 the asset has a useful life of seven years and an estimated residual value of $1400 for tax purposes ,theasset belongs in CCA class 8 with rate of 20% a) calculate the CCA for each year2023 to 2026 assuming buffalos asset iseligible for the accelerated investment incentive and that this isthe only asset in class 8 b) how would thecalculations for each year from 2024 to 2026 change if the asset had been purchased in 2024

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