J Co. (a Canadian-controlled private corporation) had a Class 8 UCC balance of $10,000 at...
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Accounting
J Co. (a Canadian-controlled private corporation) had a Class 8 UCC balance of $10,000 at the end of 2022. In 2023, J Co. purchased a Class 8 asset for $50,000 to be used by the business immediately. What is J Co.s maximum CCA for 2023?
Multiple Choice
$12,000
$17,000
$60,000
$52,000
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