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hi can someone olease help me withh explaining how to calculate this. asap thank you ABG Company has a calendar fiscal year and acquires a
hi can someone olease help me withh explaining how to calculate this. asap
ABG Company has a calendar fiscal year and acquires a machine on April 1, 2020 that costs $24,000. The firm pays a contractor $8,000 to install the machine and pays a non-refundable provincial sales tax of $3,000 The machinery is a Class 8 asset with a CCA rate of 20% and is the only asset in this class What is the maximum CCA ABG Company can deduct on this machine for the 2020 fiscal year? Choose the correct answer OA $3,500 B. $10,500 OC. $9,600 OD. $7,000 thank you
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