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Maple Enterprises Ltd., a public corporation, has always claimed maximum CCA. The following information relates to the corporations capital transactions: The undepreciated capital cost of
Maple Enterprises Ltd., a public corporation, has always claimed maximum CCA. The following information relates to the corporations capital transactions:
- The undepreciated capital cost of certain CCA classes at the end of the previous taxation year was as follows.
Class 1 | $ | 266,200 | (one building in class) |
Class 8 | 252,900 |
2. In 2023, the company expanded into the manufacturing business by purchasing the following assets.
Equipment (manufacturing) | $39,900 |
Product licence for an indefinite period | 13,000 |
3. The building was sold in 2023 for $346,100 (original cost$306,100).
4. During 2023, the company purchased office furniture for $18,600.
Required: Complete the table below using the given information. (If an item is not relevant, leave blank. Use a minus sign (-) when entering numbers that reduce UCC.)
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