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GEMTECH Ltd

Question 7

Multiple Choice

GEMTECH Ltd. is an engineering construction company. It purchased an excavator for $200 000 in 1999 and a bulldozer for $180 000 in 2000. The UCC for the changes in asset holdings due to the purchases of an excavator are as follows: GEMTECH Ltd. is an engineering construction company. It purchased an excavator for $200 000 in 1999 and a bulldozer for $180 000 in 2000. The UCC for the changes in asset holdings due to the purchases of an excavator are as follows:   How much could the GEMTECH Ltd. claim as CCA in 2000? A) $36 000 B) $54 000 C) $90 000 D) $130 000 E) $270 000 How much could the GEMTECH Ltd. claim as CCA in 2000?


A) $36 000
B) $54 000
C) $90 000
D) $130 000
E) $270 000

Correct Answer:

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