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What is the maximum CCA deduction

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Reference no: EM133034388

Question - A1A is a proprietorship that has a calendar fiscal year. The proprietorship begins operations on April? 1, 2020 and acquires a machine on December? 1, 2020. The machine has a cost of $21,070 and A1A incurs an additional ?$7,425 in expenses for installation. The machine is a Class 8 asset. What is the maximum CCA deduction A1A can take on this asset for the April 1 to December? 31, 2020 fiscal? year (hint: assume 2020 was NOT a leap year)?

Reference no: EM133034388

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