Question
On January 1, 2019, the beginning of its taxation year, Bard Ltd. has the following information on depreciable assets in its records: Type of asset
On January 1, 2019, the beginning of its taxation year, Bard Ltd. has the following information on depreciable assets in its records:
| Type of asset | underpreciated capital cost | original capital cost |
| Class 8 Furniture | 24,000 | 147,000 |
Sale of Furniture: Furniture with an original cost of 52,000 was sold for 36,000. there is still assets in Class 8 at the end of the year.
Calcualte the maximum CCA that can be deducted by Bard ltd. for the CCA class. In addition calcualte the January 1, 2020 UCC balance
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The Next Step Advanced Medical Coding And Auditing 2016
Authors: Carol J. Buck MS CPC CCS-P
1st Edition
978-0323389105
