Question
Fred opened his MacDingle Restaurant franchise on November 1, 2019. He paid $50,000 for the franchise rights and can use them for an unlimited number
Fred opened his MacDingle Restaurant franchise on November 1, 2019. He paid $50,000 for the franchise rights and can use them for an unlimited number of years. The restaurants fiscal year end is December 31. The maximum CCA deduction was taken for 2019. The Class 14.1 balance on January 1, 2020 is:
| a. | $49,582 | |
| b. | $47,500
| |
| c. | $46,250 | |
| d. | $49,373
|
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Assurance And Auditing
Authors: Thomas Nelson
1st Edition
0170111342, 978-0170111348
