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Determine her maximum charitable donations tax

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Question - Ms. Rhonda Fern donates some equipment to the Make A Wish Foundation, a registered Canadian charity. The assets have a fair market value of $62000, a capital cost of $51000, and a UCC of $37000. She elects to make the donation at the fair market value of $62000. She has no other source of income during the year. Determine her maximum charitable donations tax credit for 2019.

Reference no: EM133045627

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