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What the maximum cca allowed for the company

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Question - A company has a January 1, 2020 balance for CCA class 53 of $127,500. During 2020, the company acquired additional Class 53 assets for a total cost of $989,500. Also, one of the several Class 53 assets was sold during the year for proceeds of $155,000. It had a cost of $480,000. What the maximum CCA allowed for the company's Class 53 for the year 2020?

Reference no: EM132863383

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