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CCA, tersed qualify for the AccII program and an adjustment of 5 0 % . Calculate the maximum CCA, terminal loss, recapture or taxable capital
CCA, tersed qualify for the AccII program and an adjustment of Calculate the maximum CCA, terminal loss, recapture or taxable capital gains for the following questions. Show your calculations.
XYZ Enterprises began operations in on January and acquired purchased furniture Class with a cost of $ The maximum capital cost allowance on Class for is:
In XYZ Company purchased a new CT Scanner for a cost of $Class The opening UCC balance in the class was The maximum CCA deduction for Class is:
XYZ Inc. at the beginning of had an opening UCC balance in Class CCA Rate in the amount of $ There were no additions or disposals in The maximum CCA that can be claimed for Class in is:
XYZ purchases a rental property Class CCA Rate several years ago for a total cost of $ The capital cost was allocated $ to the land and $ to the building. At the beginning of the UCC for the building is $ In the property is sold for $ with $ of this amount being allocated to the land and $ to the building. This is the only asset in this Class. The disposal of this building will be reported for tax purposes as:
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