Kinnetics Inc. purchased Class 8 equipment (20% CCA Rate) for $10,000 on July 23, 2014. Opening UCC

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Kinnetics Inc. purchased Class 8 equipment (20% CCA Rate) for $10,000 on July 23, 2014. Opening UCC for Class 8 in 2014 was $13,000. Kinetics is subject to 40% taxation. Tax benefit from write-offs in 2014 is:

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Canadian Income Taxation planning and decision making

ISBN: 9781259094330

17th edition 2014-2015 version

Authors: Joan Kitunen, William Buckwold

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Posted Date: Aug 26, 2020 04:15 AM

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Kinnetics Inc. purchased Class 8 equipment (20% CCA Rate) for $10,000 on July 23, 2014. Opening UCC

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Canadian Income Taxation planning and decision making

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