This preview shows page 1. Sign up to view the full content.
Unformatted text preview: e )]. The year rule does not apply to assets acquired from a related person [reg. 1100(2.2)]. Thus, the CCA is calculated as follows: $212,500 x 4% = $8,500 Note that since the building was used when acquired, it is not eligible for the separate Class 1 CCA rate of 6% for non-residential buildings....
View Full Document
- Winter '11