C Enterprises has a business calendar year ending, December 31st. The business has the following...
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C Enterprises has a business calendar year ending, December 31st. The business has the following information about its depreciable properties at the beginning of 2021:
| Class 10 Vehicles | 22,000.00 | 30% |
Compute the Capital Cost Allowance of Class 10 - Vehicles if C enterprises sold ALL the assets under this class for $13,000. Original Cost of the asset is $33,000. There'll be no remaining asset under this class by the end of the year.
Formula for CCA Computation
UCC Beginning + Net Additions (Purchases less Disposition) + AccII adjustment x CCA Rate
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