Question
Malik Inc. purchased equipment with a 30% CCA Rate for $10000 on July 18, 2019. Opening UCC for 2020 was $30000. Malik is subject to
Malik Inc. purchased equipment with a 30% CCA Rate for $10000 on July 18, 2019. Opening UCC for 2020 was $30000. Malik is subject to 30% taxation. During 2020, Malik sold equipment of the same class with UCC of $11000 and purchased another equipment of the same class for $8000. What is the CCA in 2020?
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Management and Cost Accounting
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
6th edition
1292063467, 978-1292063461
