Class 13 And Half-Year Rule Vachon Ltd. leases its office space under a lease that was signed
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Class 13 And Half-Year Rule
Vachon Ltd. leases its office space under a lease that was signed on January 1, 2006.
The lease term is 10 years, with an option to renew at an increased rent for an additional
five years. In 2006, the Company spends $52,000 renovating the premises. In
2011, changing needs require the Company to spend $31,000 renovating the space.
Determine the maximum amount of Class 13 CCA that the Company can deduct for
2011.
Related Book For
Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell
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