Ferguson, a professional landscaper, operates an unincorporated yard maintenance business. He has been in business for five

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Ferguson, a professional landscaper, operates an unincorporated yard maintenance business. He has been in business for five years. At the end of the prior year, the UCC in Class 10, containing two mowing tractors, was $3,000. This year, Ferguson purchased two more mowing tractors for a total cost of $6,800. Ferguson would like to maximize the CCA claimed in the current taxation year as his taxable income is estimated to be greater than $100,000.


REQUIRED
Calculate the maximum CCA claim this year and next year.

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Related Book For  answer-question

Introduction To Federal Income Taxation In Canada 2016-2017

ISBN: 9781554968725

37th Edition

Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett

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