A $40,000 Asset Was Purchased and Classified as a Class

question 69

Multiple Choice

A $40,000 asset was purchased and classified as a Class 10 asset for CCA purposes. If the CCA rate is 30%, calculate UCC for the end of year 3.

• A) $15,800
• B) $16,660
• C) $17,400
• D) $18,300
• E) $19,200

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Definitions:

Human Resource Plan

A firm’s overall plan to fill existing and future vacancies, including decisions on whether to fill internally or to recruit from outside.

Legal Changes

Modifications or adjustments made to existing laws or regulations within a legal framework.

Temporary-help Agencies

Agencies that provide workers to companies on a temporary basis, often used to fill short-term needs or seasonal positions.

Supplemental Workers

Additional staff hired on a temporary basis to support the core workforce during peak demand periods or for specialized tasks.