Question a)

Minnie Inc. purchased a new piece of depreciable equipment to use in its business to manufacture inventory. Minnie Inc. is registered for both GST and PST, in the province of British Columbia. Which of the following amounts would not be added to the capital cost of the related asset?

	Duties paid
	PST paid
	Installation costs of the asset
	GST paid

Question c)

Pixie Ltd. purchased an unlimited life franchise at a cost of $200,000 during the current year. Pixie Ltd. has been in business for many years and there are no other assets in this CCA class. The maximum tax deduction related to the franchise for the current year is:

	$20,000
	$5,000
	$10,500
	$10,000

Question e)

Which of the following items would be included in Class 14.1?

	A new corporation's incorporation costs of $1,000.
	Franchise with a 15 year life.
	Trademarks with a 5-year life.
	Costs of government rights.

Question f)

Techie Inc. paid $4,000 for computer application software on April 1st of the current year. The company has a December 31st year end. For the current year, what is the maximum CCA which may be claimed on this software?

	$2,000
	$1,500
	$4,000
	$1,100

Question h)

Heltia Inc. purchased a laptop computer on February 15, 2015 for $2,000. The laptop was destroyed in a fire on April 30, 2015 and Heltia Inc. received $500 in compensation from the insurance company (this is the deemed proceeds of disposition). No new laptop was purchased. This laptop was the only asset in this CCA Class as all other computer equipment is being leased. The effect on Net Income For Tax Purposes for the year ending December 31, 2015 is:

	$550 decrease
	$412,50 decrease
	$1500 decrease
	$2000 decrease

Question k)

The separate class election is available for all of the following except:

	Telephone equipment.
	Class 8 computer software.
	Apple laptop.
	Photocopiers