Calculation of Capital Cost Allowance (CCA) On January 1, 2020, Zed Ltd., a GST registrant, has UCC balances for the capital properties used in its business as follows: Class 1 $478,695 243,000 Class 8 126,000 Class 10 25,000 Class 10.1 Class 14.1 51,001 Using the information provided, answer the following questions: Question 11 (2 points) Listen Zed Ltd. purchased a franchise on August 1. 2018, had cost $62,000 and a legally limited life of 8 years. What is the maximum CCA deduction that Zed Ltd. can claim in the 2020? 20 F3 FS ES 90 FA A * # 3 $ 4 % 5 & 7 1 0 2 6 8 9 W E R . Y S D F G H K & 7 2 8 9 0 W E R T Y U 1 o S D F G H e Left:1:30:56 Amy Chu: Attempt 1 Question 13 (2 points) Listen Zed Ltd. signed the new lease on March 1, 2020 and had an initial term of 7 years. Z Ltd. has an option to renew for two additional four-year periods. At the time the lease was signed, Z Ltd. spent $77,000 on leasehold improvements. What is the maximum CCA deduction that Zed Ltd. can claim in the 2020? $11,000 $10,500 $7,000 $4,620 Question 14 (2 points) E Listen in 2020, Zed Ltd, disposed of the passenger vehicle (cost $52,000: UCC $25,000) for $15.000. At the same time Zed Ltd. purchased a new passenger vehicle for $44,000 plus GST. What is the maximum CCA deduction that Zed Ltd. can claim in the 2020? $21,000 $19,800 0 BO . QAR 000 F 3 F5 FO A * #3 $ 4 % 5 & 7 2 16 8 9 2 W E R. T Y me Left:1:30:52 Amy Chu: Attempt 1 Question 14 (2 points) Listen > In 2020, Zed Ltd. disposed of the passenger vehicle (cost $52,000; UCC $25,000) for $15,000. At the same time Zed Ltd. purchased a new passenger vehicle for $44,000 plus GST. What is the maximum CCA deduction that Zed Ltd. can claim in the 2020? $21,000 $19,800 $17,250 $20,550 Question 15 (2 points) e Listen The building was sold in 2020 for $800,000, the original capital cost was $620,000. Rather than acquire a new building, Zed Ltd. decided to lease a building. Which of the following is the correct tax implication arising from the disposition of the building? Recanture $321205 and an allowable capital loss $70653 FZ F5 FB 14 FO # 3 $ 4 2 % 5 & 7 * 00 6 - a W E R