On May 1,2024, Jennifer Lobo has an unincorporated business called Lobo Enterprises with a December...

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Accounting

On May 1,2024, Jennifer Lobo has an unincorporated business called Lobo Enterprises with a December 31 year end. She purchased the licence
to manufacture the boardgame and app version of the latest gameshow, "Tax is a Microcosm of Life". She also acquired the following assets on May. CHECK IMAGE OF ASSETS AQUIRED!!!
1,2024:
ITA: 13(1),13(2),20(1)(a),20(16.1); ITR: 1100(1),1100(2.5),1100(3),1101(5p),1103(2h),7307(1)(b); Sch. II, III
During 2025, she made the following disposals:
Sold the automobile (25,000
Sold the design software (18,000
You have been asked to prepare a schedule to show the maximum capital cost allowance for the fiscal years ended December 31,2024 and
December 31,2025, ignoring HST considerations. For file documentation, where choices are available, state the reasons for your decision. Ignore the
effects, if any, of a leap year.
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