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A proposed cost-saving device has an installed cost of $111,700. It is in Class 43 (30% rate) for CCA purposes. It will function for 6-years,
- A proposed cost-saving device has an installed cost of $111,700. It is in Class 43 (30% rate) for CCA purposes. It will function for 6-years, at which time it will have no value.
- Calculate UCC at the end of 6-years.
- What are the tax implications when the asset is sold? Explain and state any assumptions you make.
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CISA Certified Information Systems Auditor Practice Exams
Authors: Peter H. Gregory
1st Edition
1260459845, 978-1260459845
