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Carolyn runs a small unincorporated business that she started in 2017. In 2020, The opening UCC in her class 8 (20%) assets was $112,000.She disposed
Carolyn runs a small unincorporated business that she started in 2017. In 2020, The opening UCC in her class 8 (20%) assets was $112,000.She disposed of class 8 assets with an original cost of $15,000 for proceeds of$10,000.She purchased new class 8 assets for $13,000. 1) Calculate the maximum CCA that can be claimed for class 8 in 2020. 2) Calculate the closing UCC of this class for 2020
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Managerial Accounting For Dummies
Authors: Mark P Holtzman, Karen Schoenebeck
1st Edition
1118116429, 978-1118116425
