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Calculate the undepreciated capital cost

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Question 1: Doren Ltd. has a December 31 year end. The Company leases its office space under a lease that was signed on January 1, 2019. The lease term is 7 years, with an option to renew at an increased rent for an additional 3 years. In 2019, the Company spent $274,990 renovating the premises. Assuming that the Company takes the maximum CCA deduction allowed every year, calculate the Undepreciated Capital Cost (UCC) in Class 13 at the end of 2019.

Reference no: EM132551897

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