Question
Beginning UCC Balance $115,000 Cost of Additions $22,000 Dispositions (reduction for disposals) $10,500 The Class 8 Rate is 20% Use the Accelerated Investment Incentive Rules
Beginning UCC Balance $115,000
Cost of Additions $22,000
Dispositions (reduction for disposals) $10,500
The Class 8 Rate is 20%
Use the Accelerated Investment Incentive Rules
What is the maximum capital cost allowance (CCA) deduction for the class 8 assets during the current year?
A. $25,300
B. $26,450
C. $24,150
D. $29,600
Thank you :)
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Financial Accounting An Introduction
Authors: Pauline Weetman
7th Edition
1292086696, 978-1292086699
