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thank younin advance M Enterprises has a business calendar year ending, December 31 st. The business has the following information about its depreciabie propenties at
thank younin advance
M Enterprises has a business calendar year ending, December 31 st. The business has the following information about its depreciabie propenties at the beginning of 2021: Compute the Capital Cost Allowance of Class 8 - Furnitures given the following information: a) M Enterprises purchased an additional furniture in January 1, 2021 amounting to $15,000 b) M Enterprises disposed a portion of Class 8 assets for $8,000. The originat cost of the asset was 12,000 . Formula for CCA Computation: UCC Beginning + Net Additions (Purchases less Disposition) + Accil Adjustment x CCA Rate Accll Adjustment =50% of Net Addition for the year Net Addition for the year = Acquisition less disposition Disposition During The Year = lesser of original cost of the asset or proceeds of disposition Note: Answer should be in whole number. No 5 sign, comma or decimal is required. e.g. 17205 Enter " if the result is recapture or terminal loss. Anwwer Step by Step Solution
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