What is the maximum CCA allowed combined

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Question - Matta Industries Ltd. is a manufacturer with a December 31 year-end. On January 1, 2020, the undepreciated capital cost for Class 10.1 was $17,850. The Class 10.1 car was purchased in 2017 for $34,000. During 2020, it was sold for $21,000. A new automobile was purchased for $36,160, which included HST of $4,160. ABC Ltd. is registered to collect and remit HST. What is the maximum CCA allowed combined (rounded to the nearest dollar) for the two cars for 2020?

Reference no: EM132938899

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