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Question 22 5 pts Class 13 The January 1, 2019 balance in this Class was $42,500, reflecting improvements of $50,000 that were made in 2017,
Question 22 5 pts Class 13 The January 1, 2019 balance in this Class was $42,500, reflecting improvements of $50,000 that were made in 2017, the year in which the lease commenced. These improvements were made on a property leased as office space for the Company's executives. The basic lease term is for 8 years, with an option to renew for a period of 2 years. Additional improvements, costing $40,000, were made during 2019. Calculate the maximum CCA that can be taken on the class of asset for the year ending December 31, 2019 and calculate the UCC for the class of asset on January 1.2020. Edit View Insert Format Tools Table 12pt Paragraph 2 T : I AS BOOT
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