Murray's Antiques is an unincorporated business which begins operations on May 1, 2020 and rents a store on that day. On June 1, 2020, Murray acquired Class 8 assets for $92,400. The business will have a taxation year which ends on December 31. No other depreciable assets are acquired prior to December 31, 2020. Determine the maximum CCA for the year ending December 31, 2020.

Question

Quizplus · Accepted Answer

The Answer of Murray's Antiques is an unincorporated business which begins operations on May 1, 2020 and rents a store on that day. On June 1, 2020, Murray acquired Class 8 assets for $92,400. The business will have a taxation year which ends on December 31. No other depreciable assets are acquired prior to December 31, 2020. Determine the maximum CCA for the year ending December 31, 2020.

Murray's Antiques Is an Unincorporated Business Which Begins Operations on May