A corporation, with a December 31, 2021 year-end, purchased manufacturing equipment for $60,000 on January 1 and
Fantastic news! We've Found the answer you've been seeking!
Question:
A corporation, with a December 31, 2021 year-end, purchased manufacturing equipment for $60,000 on January 1 and a delivery truck for 55,000 on June 30. It sold on June 30, an old delivery truck that originally cost $15,000, for $4,500. The other relevant information is:
Asset Cost undepreciated capital cost (UCC)
Building | $ | 100,000 | $ | 98,500 | ||
Furniture | 25,000 | 22,500 | ||||
Automotive Equipment | 90,000 | 76,500 | ||||
What is the maximum CCA the corporation would claim in its 2021 taxation year?
Related Book For
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
Posted Date: