A $40,000 asset was purchased and classified as a Class 10 asset for CCA purposes. If the CCA rate is 30%, calculate UCC for the end of year 3.
A) $15,800
B) $16,660
C) $17,400
D) $18,300
E) $19,200
Correct Answer:
Verified
Q48: A Nova Scotia resident earned $20,000 in
Q49: Given the following statement of financial position
Q50: An Ontario resident earned $30,000 in capital
Q51: An Alberta resident earned $30,000 in capital
Q52: What is the change in net working
Q54: What is the cash flow to creditors
Q55: A New Brunswick resident earned $20,000 in
Q56: The Row Boat Cafe has operating cash
Q57: A Prince Edward Island resident earned $20,000
Q58: Mylexhas current assets of $95, net fixed
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents