Determine the maximum Class CCA

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Question - Sunpeel Ltd., with a taxation year that ends on December 31, has a Class 10 (30 percent) UCC balance on January 1, 2020 of $900,000. During 2020, it acquires 10 eligible AccII cars at a cost of $25,000 each, for a total addition of $250,000. The Company also disposes of 8 cars for total proceeds of $120,000 with original purchase cost totaled at 190,000 for these vehicles. Determine the maximum Class 10 CCA that Sunpeel can deduct for 2020, as well as the January 1, 2021 UCC balance.

Reference no: EM132795633

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