During 2019, XYZ Inc Bought a Tractor for $50,000, Which

question 41

Multiple Choice

During 2019, XYZ Inc bought a tractor for $50,000, which belongs in class 10 with a CCA rate of 30%.Assuming that the tractor is the only asset in that class, what is the maximum CCA that XYZ Inc.can claim for 2019 with respect to the tractor?

• A)$7,500
• B)$0
• C)$22,500
• D)$15,000

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Definitions:

Felony Suicide

A term describing an act where an individual commits a serious crime, such as a felony, with the intention of provoking law enforcement to kill them, effectively committing suicide by cop.

Double Suicide

the act of two people committing suicide together, often partners or close friends, usually as a result of a shared pact or mutual agreement.

Threaten Suicide

The act of expressing an intention to take one's own life, often used as a cry for help or as a means to manipulate or gain attention.

Socially Functional

This term refers to the ability of an individual to effectively interact and perform within societal norms and expectations.