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with a purchase cost of $50,000. What is the maximum CCA that Daisy Ltd. can claim for the class 10.1 property?

with a purchase cost of $50,000. What is the maximum CCA that Daisy Ltd. can claim for the class 10.1 property?

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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Question 10 40 Listen 4 Daisy Ltd. currently holds a UCC balance of $14,000 for class 10.1 capital property. During the fiscal year, they acquired another passenger vehicle (not electric vehicle) with a purchase cost of $50,000. What is the maximum CCA that Daisy Ltd. can claim for the class 10.1 property? N
Transcribed Image Text:Question 10 40 Listen 4 Daisy Ltd. currently holds a UCC balance of $14,000 for class 10.1 capital property. During the fiscal year, they acquired another passenger vehicle (not electric vehicle) with a purchase cost of $50,000. What is the maximum CCA that Daisy Ltd. can claim for the class 10.1 property? N
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