A fixed asset costing $250,000 is a Class 10 asset with a CCA rate of 30%. would be $52,500 in year 2.

Name: A fixed asset costing $250,000 is a Class 10 asset with a CCA rate of 30%. would be $52,500 in year 2.
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The CCA (capital cost allowance) rate of 30% means that the maximum deduction for the asset in year 1 would be 30% of $250,000, or $75,000. The yearly deduction decreases after the first year, so the deduction in year 2 would be less than $52,500.

A Fixed Asset Costing $250,000 Is a Class 10 Asset