LanD 80,000 Office building 350,000 205,000 30-year franchise* (21 year remain) 90,000 70,000 Computer equipment 38,000 7,500 The following transactions occurred during the year: Purchased additional computer equipment for $17,000. Sold some of the computer equipment for $11,500. What is the maximum CCA deduction for the current year?

Answer rating: 100% (QA)

To calculate the maximum Capital Cost Allowance CCA deduction for the current year we need to consider the capital assets and their respective CCA rat... View the full answer