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no need to answer this qyestion At the end of 2018, equipment with a capital cost of $50,000 and UCC of $30,000 was damaged in
no need to answer this qyestion
At the end of 2018, equipment with a capital cost of $50,000 and UCC of $30,000 was damaged in fire. In curly 2019, insurance proceeds in the amount of $45,000 were received for the damaged equipment. If proper elections are filed to minimize total taxes from 2018 to 2020, and the damaged equipment is replaced in 2020 for $70,000, then which of the following is an appropriate 2020 CCA amount that can be claimed for the new equipment? 8,000 6,000 10,000 12.000 All amounts are appropriate Step by Step Solution
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