Exercise 06-02

In the current year C purchased new office equipment costing $30,000. Later in the same year he sold some office equipment for $40,000 that originally cost $100,000. At the beginning of the current year the UCC of the office equipment class was $60,000. What is the maximum CCA deduction for the office equipment class that C can claim in the current year?

Note:Do not place a minus sign in front of the amount.

$

Course- Introduction to Taxation