Example - CCA Calculations Over 3 YearsShawarma Palace Ltd. was incorporated on January 1, 2017. In addition to operating a luxury restaurantfeaturing the cuisine of Lebanon, the Company also offers delivery of its famous shawarmas. TheCompany has a December 31 year end and deducts the maximum CCA each year.On February 15, 2017, the Company acquires a new building for its operations at a cost of $750,000. Ofthis total, $500,000 is allocated to the building and $250,000 to the land. The building is being used 100percent for non-residential purposes of which about 25 percent is classified as manufacturing andprocessing (the preparation of food and drinks). It is allocated to a separate Class 1.Furnishings for the building are acquired on March 1, 2017 at a cost of $225,000.Also on March 1, 2017, the Company acquires 10 vehicles to be used in its delivery operations. The costof these vehicles is $27,000 each for a total of $270,000.During 2018, the Company trades in 4 of its old vehicles for more fuel efficient vehicles. Thereplacement vehicles cost $29,000 per vehicle. The company receives a trade-in allowance of $21,000
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1981, Internal combustion engine, 2010s, Years in the future