What is the maximum amount of cca that abc ltd can deduct

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Question - On March 1, 2019, ABC Ltd. acquires a used property at a cost of $3,400,000. This total cost is allocated $800,000 to the land and $2600,000 to the building. In order to assist with this purchase and encourage the Company's move to this location, the provincial government has provided a grant of $510,000 to assist in the acquisition of the building. The property qualifies for Accelerated Investment Incentive. What is the maximum amount of CCA that ABC Ltd. can deduct on this building for the taxation year that ends on December 31, 2019? Use 4% CCA rate for your calculation.

Reference no: EM132845641

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