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Fred's Puzza business providos you the folowng Accosinting GAAP finveial intormaton for this yoar's business moome tax foturn Income Statement: 1. Rewenue- $100,000 2. Mevals
Fred's Puzza business providos you the folowng Accosinting GAAP finveial intormaton for this yoar's business moome tax foturn Income Statement: 1. Rewenue- $100,000 2. Mevals and Entertainment $10,000 3 Supply Expencos $2,000 4. Deprociotion Expenses 55,000 Assets Furniture (Class 8,20% ), UCC was $10,000, Purchase thes yoor was $10,000 and disposed of furniture for procesds of 310.009 and had an original cost of 55000. Buiding (Class 1,4s),UCC was $100,000 The TOTAL maximum CCA for this year is? This year, Linda sells an LPP Asset for proceeds of $4,000. The onginal purchase cost was $100. What is Linda's Taxable Capital Gain for this transaction? Please choose the best and most accurate answer $750$1,500$1,450$3,000
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