Athabasca Ag Is Purchasing 1,000 Grain Bins at a Cost

Athabasca Ag is purchasing 1,000 grain bins at a cost of $40,000 each.Each bin also has a $5,000 delivery and installation cost,and the bins have a capital cost allowance (CCA) rate of 25%.What is the total incremental undepreciated capital cost (UCC) for year 1?

A) $40 million
B) $45 million
C) $22.5 million
D) $20 million
E) $15 million