The information provided below is related to Class 8 assets for the current year 2020. Undepreciated

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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 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.

A. $20,000

B. $18,000

C. $19,000

D. $22,100

Posted Date: Nov 10, 2021 02:07 PM

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The information provided below is related to Class 8 assets for the current year 2020. Undepreciated

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