Question
A company has a beginning UCC of class 8 (furniture) of $84,000 in year 2020. The company purchased additional furniture during the year for $46,000.
A company has a beginning UCC of class 8 (furniture) of $84,000 in year 2020. The company purchased additional furniture during the year for $46,000. The company also sold some of the furniture during 2020 for $24,000 (cost was $22,000). What is the maximum amount of CCA the company can claim for the year 2020?
- $21,600
- $23,800
- $24,000
- $23,000
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
978-0538453257
