Wilf Company Acquired an Additional Class 10 (30% Declining Balance)asset

question 11

Multiple Choice

Wilf Company acquired an additional Class 10 (30% declining balance) asset for $60,000.The UCC at the beginning of the year was $100,000.The maximum CCA in the current year is

• A)$48,000.
• B)$24,000.
• C)$45,000.
• D)$37,500.
• E)$39,000.

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Definitions:

K

Potassium is represented by the symbol K, and it is the chemical element with atomic number 19, essential for plant growth and animal health.

[HCO3-]

The bicarbonate ion, an intermediate form in the deprotonation of carbonic acid. It plays a significant role in the pH buffering system of blood.

HA

HA typically refers to a generic acid formula where "H" represents hydrogen and "A" stands for an anion; it can also denote hyaluronic acid in biomedical contexts.

pH

A scale used to specify the acidity or basicity of an aqueous solution, with values ranging from 0 to 14.