Question
The information provided below is related to Class 8 assets for the current year 2020. Undepreciated Capital Cost (UCC) beginning balance: $87,067 Cost of additions:
The information provided below is related to Class 8 assets for the current year 2020.
Undepreciated Capital Cost (UCC) beginning balance: $87,067
Cost of additions: $27,740
Dispositions (disposals): $10,499
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 International Introduction
Authors: David Alexander, Prof Christopher Nobes, Chris W. Nobes
4th Edition
027372164X, 978-0273721642
