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Calculate the maximum cca that can be claimed

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Reference no: EM132851147

Question: Carolyn runs a small unincorporated business that she started in 2017.

In 2020, The opening UCC in her class 8 (20%) assets was $112,000. She disposed of class 8 assets with an original cost of $15,000 for proceeds of $10,000. She purchased new class 8 assets for $13,000.

1) Calculate the maximum CCA that can be claimed for class 8 in 2020.

2) Calculate the closing UCC of this class for 2020.

Reference no: EM132851147

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