In 2023, Maximum Ltd., a public company, replaced some of its computers with new computers that were faster and cheaper. The new computers cost $9,000, and old computers that had been purchased in 2018 were sold for $10,000 ($20,000 original cost). Maximum's Class 50 opening balance was $17,000. What is the maximum CCA that may be claimed on this class for 2023? 

Answer rating: 100% (QA)

To determine the maximum Capital Cost Allowance CCA that may be claimed on Class 50 for the year 202... View the full answer