Question
The information provided below is related to Class 8 assets for the current year 2020. Undepreciated Capital Cost (UCC) beginning balance: $98,084 Cost of additions:
The information provided below is related to Class 8 assets for the current year 2020.
Undepreciated Capital Cost (UCC) beginning balance: $98,084
Cost of additions: $31,033
Dispositions (disposals): $8,963
Using this information, what is the maximum capital cost allowance (CCA) deduction for the Class 8 assets during 2020?
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Financial Accounting An Introduction to Concepts, Methods and Uses
Authors: Roman L. Weil, Katherine Schipper, Jennifer Francis
14th edition
978-1111823450, 1-133-36617-1 , 1111823456, 978-1-133-3661, 978-1133591023
