The Nelson Company has a taxation year end of December 31. On January 1 of the current year, the undepreciated capital cost (UCC) of Class 8 was
$ 80 comma 000$80,000.
The Nelson Company has a policy of always deducting maximum CCA. This question deals with transactions during the current year which involved Class 8 property.
A class 8 property with a capital cost of
$ 100 comma 000$100,000
was sold on June 30,
20242024
for
$ 90 comma 000$90,000.
Also during the year, a class 8 property was purchased for
$ 60 comma 000$60,000.
Maximum
20242024
CCA for Class 8 is: