Question
ADZ Engineering has the following information related to Class 8 assets for the year 2020. Beginning Balance: $74,000 Cost of additions: $22,000 Proceeds of disposition:
ADZ
Engineering has the following information related to Class 8 assets for the year
2020.
Beginning Balance: $74,000
Cost of additions: $22,000
Proceeds of disposition:
$20,500
(original cost of disposed property:
$41,000)
The Class 8 rate is
20%.
Assuming
ADZ
takes the maximum CCA deduction for this class, what is the UCC balance of the Class 8 assets at the end of
2020?
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The Practitioners Guide To Edp Auditing
Authors: Jack Mullen
1st Edition
0136912621, 978-0136912620
