Question: Tod Help Save & Exit Submit Maple Enterprises Ltd. has always claimed maximum CCA Maple had the net income of $100,000 excluding the following capital
Tod Help Save & Exit Submit Maple Enterprises Ltd. has always claimed maximum CCA Maple had the net income of $100,000 excluding the following capital transactions 1 The undepreciated capital cost of certain CCA classes at the end of the previous taxation year was as follow Class 1 Class 8 $200,000 (one building in class) 190,000 2 in 2020, the company expanded into the manufacturing business by purchasing the following assets Equipment manufacturing) $30,000 Product licence for an indefinite period The building was sold in 2020 for $260,000 (original cost-$230,000) During 2020, the company purchased office furniture for $14,000 10.900 ) 3. 4 Required: Complete the table below to calculate Maples's net income for tax purposes for the 2020 taxation yeat (if on item is not relevant leave blank. Use a minus sign (-) when entering numbers that reduce UCC) Tod Help Save & Exit Submit Maple Enterprises Ltd. has always claimed maximum CCA Maple had the net income of $100,000 excluding the following capital transactions 1 The undepreciated capital cost of certain CCA classes at the end of the previous taxation year was as follow Class 1 Class 8 $200,000 (one building in class) 190,000 2 in 2020, the company expanded into the manufacturing business by purchasing the following assets Equipment manufacturing) $30,000 Product licence for an indefinite period The building was sold in 2020 for $260,000 (original cost-$230,000) During 2020, the company purchased office furniture for $14,000 10.900 ) 3. 4 Required: Complete the table below to calculate Maples's net income for tax purposes for the 2020 taxation yeat (if on item is not relevant leave blank. Use a minus sign (-) when entering numbers that reduce UCC)
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