For each of the following depreciable assets, indicate the appropriate CCA Class.
• Cash registers
• Boats, canoes, and other vessels
• Airplane runways
• Automobile (i.e., passenger vehicle)with a cost of $85,000
• Storage tanks for oil
• Residential rental property acquired in 2015 for $450,000 (Value of land equals $100,000)
• Manufacturing and processing equipment acquired in 2020

Question

Quizplus · Accepted Answer

The Answer of For each of the following depreciable assets, indicate the appropriate CCA Class.
• Cash registers
• Boats, canoes, and other vessels
• Airplane runways
• Automobile (i.e., passenger vehicle)with a cost of $85,000
• Storage tanks for oil
• Residential rental property acquired in 2015 for $450,000 (Value of land equals $100,000)
• Manufacturing and processing equipment acquired in 2020

For Each of the Following Depreciable Assets, Indicate the Appropriate