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Alberta Company has a taxation year end of December 31. On January 1, 2017 the UCC of Class 10 was $60,000. The Company has a
Alberta Company has a taxation year end of December 31. On January 1, 2017 the UCC of Class 10 was $60,000. The Company has a policy of always deducting maximum CCA Required Each of the independent parts of this question deals with Class10 asset transactions during 2017. Calculate the CCA for the following independent cases. A CCA schedule is attached for your calculations. Part A Anasset was purchased for $18,000 on Apri 1. cc Pare An asset with a capital cost of $15,000 was sold for $5,000 on June 30. Part C The last asset in the class, with a capital cost of $105,000 was sold on July 15 for Part D The last asset in the class, with a capital cost of $105,000 was sold on August 1 for Part E An asset with a capital cost of $40,000 was sold for $50,000 on September 1 $90,000. $50,000. O " Alberta Company has a taxation year end of December 31. On January 1, 2017 the UCC of Class 10 was $60,000. The Company has a policy of always deducting maximum CCA Required Each of the independent parts of this question deals with Class10 asset transactions during 2017. Calculate the CCA for the following independent cases. A CCA schedule is attached for your calculations. Part A Anasset was purchased for $18,000 on Apri 1. cc Pare An asset with a capital cost of $15,000 was sold for $5,000 on June 30. Part C The last asset in the class, with a capital cost of $105,000 was sold on July 15 for Part D The last asset in the class, with a capital cost of $105,000 was sold on August 1 for Part E An asset with a capital cost of $40,000 was sold for $50,000 on September 1 $90,000. $50,000. O
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