Question
The information provided below is related to Class 8 assets for the current year 2020. Undepreciated Capital Cost (UCC) beginning balance: $87,458 Cost of additions:
The information provided below is related to Class 8 assets for the current year 2020.
Undepreciated Capital Cost (UCC) beginning balance: $87,458
Cost of additions: $33,181
Dispositions (disposals): $10,085
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 A Business Perspective
Authors: Jefferson Williams, Roger Hermanson, James Don Edwards
10th Edition
1930789793, 978-1930789791
