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The information provided below is related to Class 8 assets for the current year 2020. Undepreciated Capital Cost (UCC) beginning balance: $85,000 . Cost of
The information provided below is related to Class 8 assets for the current year 2020. Undepreciated Capital Cost (UCC) beginning balance: $85,000 . Cost of additions: $17,000 Dispositions (reduction for disposals): $7,000 The Class 8 rate is 20%. Using only this information, what is the maximum capital cost allowance (CCA) deduction for the Class 8 assets during 2020? Choose the correct answer. O A. $20,000 O B. $18,000 OC. $19,000 D. $22,100
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