In the current year, Eddie Enterprises Ltd., a public corporation, purchased new office equipment costing $40,000. The
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In the current year, Eddie Enterprises Ltd., a public corporation, purchased new office equipment costing $40,000. The vendor gave Eddie Enterprises $3,500 for the old office equipment, which was purchased three years ago for $6,000. At the beginning of the current year, the Class 8 UCC balance was $10,000.
Calculate the maximum CCA deduction for Class 8 for the current year, 2022.
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Related Book For 
Canadian Income Taxation 2022/2023
ISBN: 9781260881202
25th Edition
Authors: William Buckwold, Joan Kitunen, Matthew Roman
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