Earth Inc. had a Class 10 UCC balance of $12,000 at the end of 2020. The only asset in the pool (a small pickup truck) was sold on December 2oth of 2021 for $5,000. On the same day, Earth purchased a...

Earth Inc. had a Class 10 UCC balance of<br>$12,000 at the end of 2020. The only asset in<br>the pool (a small pickup truck) was sold on<br>December 2oth of 2021 for $5,000. On the same<br>day, Earth purchased a new truck for $8,000.<br>How much CCA can Earth claim in 2021? (The<br>maximum CCA is always claimed by Earth Inc.)<br>Multiple Choice<br>$4,950<br>$4,500<br>$3,600<br>$1,350<br>

Extracted text: Earth Inc. had a Class 10 UCC balance of $12,000 at the end of 2020. The only asset in the pool (a small pickup truck) was sold on December 2oth of 2021 for $5,000. On the same day, Earth purchased a new truck for $8,000. How much CCA can Earth claim in 2021? (The maximum CCA is always claimed by Earth Inc.) Multiple Choice $4,950 $4,500 $3,600 $1,350

Jun 03, 2022

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Earth Inc. had a Class 10 UCC balance of $12,000 at the end of 2020. The only asset in the pool (a small pickup truck) was sold on December 2oth of 2021 for $5,000. On the same day, Earth purchased a...

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