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What amounts can Bouclair deduct in tax return

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Question - For a number of years, Ms. Alexandria Bouclair has operated an unincorporated business. Because of a growing need to travel for this business, on September 1, 2019, she acquires an automobile that will be used 100 percent for business. The cost of the automobile is $63,000, of which $50,000 is financed by the dealer. Interest charges for the period September 1, 2019 through December 31, 2019 total $2,000. What amounts can Ms. Bouclair deduct in her 2019 tax return with respect to this acquisition? Ignore GST and PST considerations.

Reference no: EM132587441

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