Marshall Co. is a management consulting company that incorporated on March 15, 2021 and has a December 31 year end. They began renting their office space on April 1st and immediately purchased furniture and fixtures for $46,900. They also purchased computer hardware for $9,000 (class 50 with 55% CCA rate). Marshall, the company president, also purchased a 2021 Land Rover for $134,000. Required: Determine the maximum CCA that can be taken in 2021.

Marshall Co. is a management consulting company that incorporated on March 15, 2021 and has a December 31 year end. They began renting their office space on April 1st and immediately purchased furniture and fixtures for $46,900. They also purchased computer hardware for $9,000 (class 50 with 55% CCA rate). Marshall, the company president, also purchased a 2021 Land Rover for $134,000. Required: Determine the maximum CCA that can be taken in 2021.

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization

Section: Chapter Questions

Problem 80EDC

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