Question
J Ltd.s office building was destroyed by fire in the current year. Buildings original cost was $200,000 and the class 1 UCC balance at the
J Ltd.s office building was destroyed by fire in the current year. Buildings original cost was $200,000 and the class 1 UCC balance at the beginning of the year was $170,000. The building was insured for its market value of $250,000. A new building costing $290,000 was constructed 18 months after the fire. What is the minimum recapture of CCA for tax purposes in the current year?
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Forensic Accounting And Fraud Investigation For Non-Experts
Authors: Stephen Pedneault, Frank Rudewicz, Howard Silverstone, Michael Sheetz
3rd Edition
0470879599, 9780470879597
