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Calculate the maximum cca that can be deduct

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Question - A Class 10 (30 percent) UCC balance on January 1, 2020 of $750,000. During 2020, 10 eligible AccII cars were acquired at a cost of $25,000 each. Another vehicle with a cost of $42,000 was also acquired . During 2020 8 cars for total proceeds of $125,000. In no case did the proceeds of disposition exceed the capital cost of the vehicle being disposed of.

Required - Calculate the maximum Class 10 CCA that can BE deduct for 2020, as well as the January 1, 2021 UCC balance.

Reference no: EM132903996

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