Question
In the current year H Ltd., an HST registrant, disposed of a passenger vehicle (cost $39,000; UCC $26,000) for $20,000. At the same time H
In the current year H Ltd., an HST registrant, disposed of a passenger vehicle (cost $39,000; UCC $26,000) for $20,000. At the same time H purchased a new passenger vehicle for $48,000 plus HST. What is the maximum CCA deduction that H can claim in the current year? Note: Assume the new passenger vehicle is not designated immediate expensing property. Do not place a minus sign in front of the amount. $
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
9780357517574
