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Determine the maximum amount of Class CCA

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Question - 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 5 years, with an option to renew at an increased rent for an additional 2 years. In 2015, the Company spent $74,000 renovating the premises. In 2019, changing needs require the Company to spend another $16,000 renovating the space. Determine the maximum amount of Class 13 CCA that the Company can deduct for 2019 and 2020?

Reference no: EM133030249

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