T Ltd. (a public corporation) purchased a Class 53 asset for $50,000 in 2023. The undepreciated capital cost (UCC) of the class was $20,000 at the end of 2022. T Ltd. will apply accelerated CCA. How much is the UCC at the end of 2023?
T Ltd. (a public corporation) purchased a Class 53 asset for $50,000 in 2023. The undepreciated capital cost (UCC) of the class was $20,000 at the end of 2022. T Ltd. will apply accelerated CCA. How much is the UCC at the end of 2023?
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter7: Operating Assets
Section: Chapter Questions
Problem 11MCQ
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T Ltd. (a public corporation) purchased a Class 53 asset for $50,000 in 2023. The undepreciated capital cost (UCC) of the class was $20,000 at the end of 2022. T Ltd. will apply accelerated CCA. How much is the UCC at the end of 2023?
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