What is the minimum recapture of cca for tax purposes

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Reference no: EM132859737

J Ltd.'s office building was destroyed by fire in the current year.

The building's original cost was $220,000 and the class 1 UCC balance at the beginning of the year was $180,000. The building was insured for its market value of $270,000. A new building costing $280,000 was constructed 18 months after the fire. What is the minimum recapture of CCA for tax purposes in the current year?

Reference no: EM132859737

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