Teal Ltd. is engaged in manufacturing and processing, which is 95% of their business, with...
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Teal Ltd is engaged in manufacturing and processing, which is of their business, with a December yearend. On January the balances with regards to capital assets were as follows: The building was sold in for $ The underlying land was sold for proceeds equal to the original cost. Teal Ltd purchased a new building to replace the former building in August for $ The underlying land was purchased for $ Required: Calculate the maximum CCA claim for and the opening UCC balance for marks, minutes 
Teal Ltd is engaged in manufacturing and processing, which is of their business, with a December yearend. On January the balances with regards to capital assets were as follows:
The building was sold in for $ The underlying land was sold for proceeds equal to the original cost. Teal Ltd purchased a new building to replace the former building in August for $ The underlying land was purchased for $
Required:
Calculate the maximum CCA claim for and the opening UCC balance for marks, minutes
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