jordan purchased a $20,000 piece of office furniture during 2019. The balance in his UCC pool for furniture at the end of 2018 year was $60,000 and is amortized at the declining balance rate of 20%. If jordan's CCA is $18,000, what is the ending UCC for 2019?
jordan purchased a $20,000 piece of office furniture during 2019. The balance in his UCC pool for furniture at the end of 2018 year was $60,000 and is amortized at the declining balance rate of 20%. If jordan's CCA is $18,000, what is the ending UCC for 2019?
Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion
Section: Chapter Questions
Problem 38P
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Question
jordan purchased a $20,000 piece of office furniture during 2019. The balance in
his UCC pool for furniture at the end of 2018 year was $60,000 and is amortized at
the declining balance rate of 20%. If jordan's CCA is $18,000, what is the ending
UCC for 2019?
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