The IDID It Corporation has just purchased a round-tuit at a cost of $1,000,000. The asset is recorded in an asset class that uses a CCA rate of 20 percent and this is the only asset in the class.
Prepare a capital cost allowance schedule for the first 4 years of the project which shows the balance in the undepreciated capital cost and the capital cost (depreciation) for each of the first 4 years.