Determine the maximum amount of cca

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Question 1: Roden Ltd. has a December 31 year end. The Company leases its office space under a lease that was signed on January 1, 2015. The lease term is 7 years, with an option to renew at an increased rent for an additional 3 years. In 2015, the Company spent $85,964 renovating the premises. In 2018, changing needs require the Company to spend another $19,656 renovating the space. Determine the maximum amount of Class 13 CCA that the Company can deduct for 2019.

Reference no: EM132552141

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