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What is the maximum CCA in the year

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Reference no: EM132836694

Question - You are provided with the following information related to Class 14.1 (assume the opening UCC balance and all transactions relate to a period of time subsequent to January 1, 2017):

Balance at beginning of the year: $62,000

Purchased goodwill during the year for $17,000

Sold various intangible properties included in Class 14.1 for $30,000 (assume original cost of disposed property is greater than proceeds of $30,000)

Required - What is the maximum CCA in the year?

Reference no: EM132836694

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