SAMI Ltd. was incorporated on January 1, 2020. The incorporation costs were $4,500. SAMI then purchased WELL Co. The assets of WELL Co. included $80,000 of equipment, goodwill of $50,000 and a customer list valued at $30,000. SAMI's year-end is December 31. The company maximizes its allowable deductions. How much is SAMI's Class 14.1 UCC at the end of 2020?

Multiple Choice

• $149,387
• $74,000
• $75,387
• $78,162

Answer rating: 100% (QA)

Answer Option c 75387 is correct Explanation Class 141 of CCA basically i... View the full answer