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What is the maximum CCA deduction for Class

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Reference no: EM133019061

Question - In the current year B purchased new office equipment (Class 8, CCA rate of 20%) costing $20,000 and received proceeds of $5,000 for her old equipment, which she disposed of. The old equipment was acquired 6 years ago for $15,000. B's Class 8 UCC balance the beginning of the current year was $16,000. What is the maximum CCA deduction for Class 8 that B can claim in the current year?

a. $6800

b. $5680

c. $7250

d. $7700

Reference no: EM133019061

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