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On January 1, 2020, Anderson Inc. has a balance in its Class 53 UCC of $440000. During 2020, assets with a capital cost of $160000 are added to the Class. There are no disposals during the year. Determine the maximum Class 53 CCA for 2020. Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response. Your Answer:

On January 1, 2020, Anderson Inc. has a balance in its Class 53 UCC of $440000. During 2020, assets with a capital cost of $160000 are added to the Class. There are no disposals during the year. Determine the maximum Class 53 CCA for 2020. Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response. Your Answer:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On January 1, 2020, Anderson Inc. has a balance in its Class 53 UCC of $440000. During 2020, assets with a capital cost of $160000 are added to the Class. There are no disposals during the year. Determine the maximum Class 53 CCA for 2020. Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response. Your Answer: 30000 Answer
Transcribed Image Text:On January 1, 2020, Anderson Inc. has a balance in its Class 53 UCC of $440000. During 2020, assets with a capital cost of $160000 are added to the Class. There are no disposals during the year. Determine the maximum Class 53 CCA for 2020. Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response. Your Answer: 30000 Answer
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