Question
A1A is a proprietorship that has a calendar fiscal year. The proprietorship begins operations on April 1, 2020 and acquires a machine on December 1,
A1A is a proprietorship that has a calendar fiscal year. The proprietorship begins operations on April 1, 2020 and acquires a machine on December 1, 2020. The machine has a cost of $24,004 and A1A incurs an additional $4,902 in expenses for installation. The machine is a Class 8 asset . What is the maximum CCA deduction A1A can take on this asset for the April 1 to December 31, 2020 fiscal year (hint: assume 2020 was NOT a leap year)?
Round your final answer to the nearest whole number
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
