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A New Lease on Life is a CCPC with a December 31 tax year-end. The company leases its office space under a lease that was
A New Lease on Life is a CCPC with a December 31 tax year-end. The company leases its office space under a lease that was signed on January 1, 2018. The lease term is 10 years, with an option to renew at an increased rent for an additional five years. At the beginning of 2018, the Company spent $52,000 renovating the premises. In 2023, changing needs require the company to spend another $31,000 renovating the space. Assume the leasehold improvements are AccIIeligible and do not qualify for the immediate expensing rules (DIEP). Determine the maximum amount of class 13 CCA the company can claim in 2023 and 2024
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Understanding Basic Statistics
Authors: Charles Henry Brase, Corrinne Pellillo Brase
6th Edition
978-1133525097, 1133525091, 1111827028, 978-1133110316, 1133110312, 978-1111827021
