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Determine the CCA and the January UCC

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Question - Pohx Inc has a taxation year that end on Dec 31. On Jan 1, 2020, the UCC balance in Class 8 is $250,000. During, 2020, the company acquires additional Class 8 assets at a cost of $40,000. There are no other additions or dispositions in 2020. Determine the 2020 CCA and the January 1, 2021 UCC under the following assumptions:

1. The acquired assets are eligible for the AccII

2. The acquired assets are not eligible for the AccII

Reference no: EM133183867

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