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Q 1 ABC Inc. has office equipment with a beginning UCC of $ 2 5 0 , 0 0 0 . Now assume more office

Q1 ABC Inc. has office equipment with a beginning UCC of $250,000. Now assume more office furniture was purchased for $75,000 and some office furniture was sold for $85,000(with an original cost of $100,000). Calculate the maximum CCA in the current period. Q2 Two assets were previously added to class 8 with a cost of $75,000 each. CCA for five years equals $106,992, leaving a UCC of $43,008. Calculate the tax implications if one asset was sold for $90,000 Q3 Two assets were previously added to class 8 with a cost of $75,000 each. CCA for five years equals $106,992, leaving a UCC of $43,008. Calculate the tax implications if both assets were sold for $20,000 total.

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