Question: Flatiron Foundry signed a lease for a storefront on January 1, 2017. The lease had an initial term of 6 years with two 4 year

Flatiron Foundry signed a lease for a storefront on January 1, 2017. The lease had an initial term of 6 years with two 4 year renewal terms. In February 2017 the company spent $30,000 renovating the leasehold. Due to changing needs, in 2020 the company spent $24,000 on renovations to the rental property. Determine the maximum class 13 CCA claim for 2020 and 2021.

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ANS WER The maximum C CA claim for 2020 would be 6 000 30 0... View full answer

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