J Co. (a Canadian-controlled private corporation) had a Class 8 UCC balance of $10,000 at the end of 2022. In 2023, J Co. purchased a Class 8 asset for $50,000 to be used by the business immediately. What is J Co.'s maximum CCA for 2023? Multiple Choice $12,000 $17,000 $60,000 $52,000

Want Answer of the following question

D2.

1. A special manufacturing and handling device was purchased by Alfonso Manufacturing for $200,000 and is depreciated over MACRS. CFBT is estimated to amount to $800,000 for the first 2 years followed by $600,000 thereafter until the asset is retained. The effective tax rate, Te is 35% and interest is 10% per year. In present worth dollars determine the CFAT and determine if it was a viable purchase. (Note answer must be in a tabular format)

5

Catherine Steele owns two rental properties originally valued at $275,000 (Property 1t land $70,000, building $55,000) (Property 2 land $90,000, building $60,000) The buildings are Class 1 (4%) properties. Net rental income before CCA in 2020 was $11,000 • The UCC on building 1 at the beginning of 2020 was $50,00o. • The UCC on building 2 at the beginning of 2020 was $40,000 • Property 2 was soid in 2020 for $250,000 (land $200,000, bulding $50,000) Required Calculate Catherine's net rental income for 2020 then subtract the allowable CCA to arrive at her Net Income from rental property Numeric Response

BE9.5 (LO 2) Kowloon Group purchased land and a building on January 1, 2020. Management's best estimate of the value of the land was HK$1,000,000 and of the building HK$2,000,000. However, management told the accounting department to record the land at HK$2,250,000 and the building at HK$750,000. The building is being depreciated on a straight-line basis over 20 years with no residual value. Why do you suppose management requested this accounting treatment? Is it ethical? Compute depreciation and evaluate treatment.

Rhino Company, a real estate entity, had a building with a The building was used as offices of the entity's administrative Problem 22-10 (IFRS) a carrying ámount of P20,000,000 on December 31, 2021 staff. On December 31, 2021, the entity intended to rent out the building to independent third parties. The staff will be moved to a new building purchased early in 2021. On December 31, 2021, the original building had a fair value of P35,000,000. On December 31, 2021, the entity also had land that was held for sale in the ordinary course of business. The land had a carrying amount of P10,000,000 and fair value of P15,000,000 on December 31, 2021. On such date, the entity decided to hold the land for capital appreciation. The accounting policy is to carry all investment property at fair value. 1. On December 31, 2021, what amount should be recognized in revaluation surplus as a result of transfer of the building to investment property? a, 20,000,000 b. 35,000,000 c. 15,000,000 d. 0. 2. On…

Sh4 Please help me.  Solution  Thankyou

Question 1 For a multifamily acquisition, the seller credit for property tax is $54,356.20. The property tax bill for 2023 is $124,000. What date is the closing set for in 2023? O 6/8/2023 O 6/7/2023 O 6/10/2023 O 6/9/2023 O6/11/2023