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Christy Murdoch is a self-employed individual with a fiscal year-end of December 31. You are preparing her current year tax return. Carry-forward information (from her
Christy Murdoch is a self-employed individual with a fiscal year-end of December 31. You are preparing her current year tax return. Carry-forward information (from her prior year tax return) indicates the following balances in the Undepreciated Capital Cost (UCC): Class 8 - 20% (Furniture & General Equipment) = $13,246 Class 10 - 30% (Motor Vehicles) = $25,129 In addition to the information provided above, Christy advises you that she purchased the following assets: New office furniture, cost = $ 4,230 New truck (used 100% for business purposes), cost = $ 32,700 Christy also advises you that when she purchased the new truck, she traded-in one of the old trucks for $18,500. She advises you that this truck was purchased several
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