Kasey is a Canadian public company with a December 31 taxation year. It is the policy of
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Kasey is a Canadian public company with a December 31 taxation year. It is the policy of Kasey Ltd. to claim maximum CCA for all classes. On January 1, 2021, Kasey had no balance in Class 14.1. In 2021, Kasey purchases two businesses. With the purchase of Business 1, a payment of $86,000 is made for goodwill. With the purchase of Business 2, a payment of $75,000 is made for goodwill. Both businesses are absorbed into Kasey's other operations. Calculate the UCC balance for Jan 1, 2022.
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