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Can you Please explain me these MC are Correct or Not and Explain me Right Answers? Thanks! QUESTION'S On December I of the previous year,

Can you Please explain me these MC are Correct or Not and Explain me Right Answers? Thanks!

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QUESTION'S On December I of the previous year, a corporation spends $126,000 on leasehold improvements to a building which it rents for use in its business activities The lease was signed in the previous taxation year and has a term of 10 years: There are two renewal options, each for a term of 3 years. What is the maximum CCA claim on these improvements for the current taxation year which ends December 317 OA. $12.600. O B. $9,692. O.C$4.846 D D.56.300. QUESTION 6 With respect to the enhanced CCA rules. which of the following statements is correct? A. The enhanced CCA rules apply to all CCA Clauses. O.B. The enhanced CCA rules never apply when an asset is acquired in a non-arm's length transaction. OC. The enhanced CCA rules are applicable when the amounts deducted for disposals exceed the cost of acquisitions. D. The enhanced CCA rules require that, prior to the calculation of CCA, one half of the net additions for the year must be added to the UCC balanceQUESTION 1 Which of the following items cannot be allocated to a separate CCA Class? A. A new Mercedes with a cost of $180,000. O B. A rental property with a cost of $125.000. C Equipment that is used 100 percent for manufacturing activity. O D. A building which cost $625,000 and is used 100 percent for non-residential purposes. QUESTION 2 In dealing with depreciable assets, accounting and tax material use different terms to refer to similar items. Of the following pairs of accounting and tax terms, which pair does not represent similar items? O'A. Net book value and undepreciated capital cost. O B. Amortization expense and capital cost allowance, OC Acquisition cost and capital cost. D. Net book value and capital cost.QUESTION 8 In November 1 of the current year, Perry Inc, acquires a franchise for $32.000. The franchise has a limited life of 12 years. What in the maximum amount ofCCA that Perry Inc. can deduct in it's current taxation year which ends on December 317 Use number of days to determine your answer A 5445.06. OB $2 666.67. OCSI.333.33. ON D $668 49

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