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Qualify for the immediate expensing rules

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Florist Gump is a local florist in Vancouver. At December 31, 2021, Florist Gump had a UCC of $28,000 pertaining to its office furniture. In 2022, the company bought a gold-plated photocopier (for its head office) for $30,000. It also disposed of an older, silver-plated photocopier for $10,000 (it originally purchased it for $15,000).

Assume the asset does not qualify for the immediate expensing (DIEP) rules but qualifies for AccII.

Assuming the company claims maximum CCA, what would appear in Schedule 8, Line 220 for this company? Please do not round intermediary answers.

Round your final answer to the nearest dollar. Do not use $ signs in your final answer.

Reference no: EM133276093

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