Question
You are provided with the following information related to class 8 assets for the current year: Undepreciated Capital Cost (UCC) Beginning Balance: $82,000 Cost of
You are provided with the following information related to class 8 assets for the current year:
Undepreciated Capital Cost (UCC) Beginning Balance: $82,000
Cost of additions: $2,000
Dispositions (i.e. reduction for disposals): $15,000
The class 8 rate is 20%. Using only this information, what is the maximum capital cost allowance (CCA) deduction for the current year for class 8?
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Financial Accounting Tools For Business Decision-Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Canadian Edition
0470833378, 978-0470833377
