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Can you Please explain me these MC are these Right or Not and tell me Right one? Thanks! QUESTION 1 Which of the following items

Can you Please explain me these MC are these Right or Not and tell me Right one? Thanks!

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QUESTION 1 Which of the following items cannot be allocated to a separate CCA Class? O A. A new Mercedes with a cost of $180,000. OB. A rental property with a cost of $125.000 C Equipment that used 100 percent for manufacturing activity. OD. A building which cost S625,000 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. OB. Amortization expense and capital cost allowance, OC Acquisition cost and capital cost. D. Net book value and capital cost QUESTIONS On December 1 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, ench for a term of 3 yours. What is the maximum CCA claim on these improvements for the current taxation year which ends December 317 ON $12,600 B. $9.692 OC$4.846 D.$6,300 QUESTION 6 With respect to the enhanced CCA rules, which of the following statements is correct? O A. The enhanced CCA rules apply to all CCA Classes OB. The enhanced CCA rules never apply when an isset in acquired in a pon-arms length transaction. OC. The enhanced CCA rules are applicable when the amount deducted for disponais exceed the cost of nequitias D. The enhanced CCA mes require the prior to the calculation of CCA, one half of the net additions for the year must be added to the UCC balance 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 is the maximum amount of CCA that Perry Inc. can deduct in its current taxation your which ends on December 317 Use number of days to determine your answer A $445.66. OB. $2.666.67 OCS1.333.33 O 0.5668.49

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