Question: i need it with proper calculations please Sun Ltd., with a taxation year that ends on December 31 and has a Class 8 UCC balance
Sun Ltd., with a taxation year that ends on December 31 and has a Class 8 UCC balance on January 1, 2021 of $475,000. During 2021, the company purchases a Class 8 property for $150,000 that is eligible for the Acell. The Company also disposes of a Class 8 property for proceeds of $72,000 which is below the property's capital cost. Required: 1. Determine the maximum Class 8 CCA that Sun Ltd, can claim for 2021 including the UCC balance as of January 1, 2022. UA + Paragraph ... B blo 1 2
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
