What is the maximum capital cost allowance deduction

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Reference no: EM133906339

Problem

ACB Company has the following information related to class 10 assets for the current year: Beginning Balanc 154,000 Cost of additions 12,400 Dispositions, proceeds 48,000 Original cost 68,000 The class 10 rate is 30%. Using only this information, what is the maximum CCA deduction for the current year for class 10 assets?The following information is related to class 8 assets for the current year. Undepreciated Capital Cost (UCC) beginning balance $90,000 Cost of additions: $25,000 Dispositions (reduction for disposals) $9,500 The class 8 rate is 20%. Get the instant assignment help. Using only this information, what is the maximum capital cost allowance (CCA) deduction for the class 8 assets during the current year?

Reference no: EM133906339

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