In the current year C purchased new office equipment costing $25,000. Later in the same year he sold some office equipment for $35,000 that originally cost $100,000. At the beginning of the current year the UCC of the office equipment class was $70,000. What is the maximum CCA deduction for the office equipment class that C can claim in the current year?

Answer rating: 100% (QA)

In Canada the Capital Cost Allowance CCA is used to calculate the depreciation deduction for capital ... View the full answer