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Could you please help me solve this problem Question 20 (5 points) JJ Inc. operates a delivery business in Surrey. The Company owns four delivery

Could you please help me solve this problem

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Question 20 (5 points) JJ Inc. operates a delivery business in Surrey. The Company owns four delivery trucks, one passenger vehicle and some office equipment. The UCC balances in its vehicles asset classes for the year ended May 31, 2019 are as follows: Class 10 $170,000 Class 10.1 $ 10,000 In January 2020. JJ purchased two new passenger vehicles. Vehicle A cost $29,000 and vehicle B cost $38,000. Also, JJ sold a delivery truck for $17,000 (original cost $44,000) and a passenger vehicle for $12,000 (original cost $36,000). REQUIRED: Determine all the applicable tax implications to JJ Inc. of the 2020 transactions

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