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Can you Please explain me this Problem? Thanks! Alpha leased an office premises under a three-year lease agreement that began December 1, 2020. At the
Can you Please explain me this Problem? Thanks!
Alpha leased an office premises under a three-year lease agreement that began December 1, 2020. At the time, Alpha apent $60,000 to improve the premises. The le agreement gives Alpha the renew the lease for two three-year periods. As an incentive, the landlord offered Alpha $20,000 toward these renovations Alpha began manufacturing pre-fub hames on June 1, 2020. At that time, it acquired the following: License: right to manufacture for 10 years Manufacturing equipment Trucks $ 90,000 105,000 60,000 machine had originally cost $12,000. It replaced the copier with a leased copier REQUIRED: Calculate the CCA for 2020 and indicate any recapture, terminal losses or taxable capital gains that may need to be added to income. For the toolbar.press ALT F10 (PC) or ALTHEN F10 (Mac) T 6 = = = Alpha leased an office premises under a three-year lease agreement that began December 1, 2020. At the time, Alpha apent $60,000 to improve the premises. The le agreement gives Alpha the renew the lease for two three-year periods. As an incentive, the landlord offered Alpha $20,000 toward these renovations Alpha began manufacturing pre-fub hames on June 1, 2020. At that time, it acquired the following: License: right to manufacture for 10 years Manufacturing equipment Trucks $ 90,000 105,000 60,000 machine had originally cost $12,000. It replaced the copier with a leased copier REQUIRED: Calculate the CCA for 2020 and indicate any recapture, terminal losses or taxable capital gains that may need to be added to income. For the toolbar.press ALT F10 (PC) or ALTHEN F10 (Mac) T 6 = = =Step by Step Solution
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