Question
The information provided below is related to Class 8 assets for the current year 2020. Undepreciated Capital Cost (UCC) beginning balance: $103,526 Cost of additions:
The information provided below is related to Class 8 assets for the current year 2020. Undepreciated Capital Cost (UCC) beginning balance: $103,526 Cost of additions: $24,381 Dispositions (disposals): $9,601 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 For Non Specialists
Authors: Catherine Gowthorpe
2nd Edition
1844802051, 978-1844802050
