Calculate the donation credit based on the below information? John has taxable income of $150,000 John donates $22,000 for the year 22) late the amount of CCA you can deduct each year for 2020,2021 and 2022 and calculate ending UCC on Dec 31 2022 based on the below information: Opening UCC - $480,000 Purchase asset in 2020 (class 10) 30% CCA Rate for $29,000 Dispose asset in 2020 (class 10) 30% CCA for $10,000 with a cost of $25,000 Purchase asset in 2021(class 10) 30% CCA Rate for $26,000 No purchases in 2022 Assume Half year rule

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To calculate the donation credit we first need to determine Johns eligible donation amount based on ... View the full answer