Use the following information to answer the questions below.
The Nelson Company has a taxation year end of December 31. On January 1 of the current year, the UCC of Class 8 was $80,000. The Nelson Company has a policy of always deducting maximum CCA. Each of the following questions deals with transactions during the current year which involved Class 8 assets. Choose the best answer for each question.
-An asset with a capital cost of $15,000 was sold for $26,000 on September 1. Minimum UCC on January 1 of the following year is: 
Correct Answer:
Verified
Q21: An asset with a capital cost of
Q22: If a patent is acquired near the
Q23: The separate class election for photocopiers should
Q24: Use the following information to answer the
Q25: An asset with a capital cost of
Q27: The last asset in the class, with
Q28: A business has Net Income For Tax
Q29: Of the following pairs of terms, which
Q30: Use the following information to answer the
Q31: Recapture of CCA occurs when there is
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