Presto Inc. has been carrying on a business since 2008. On November 1,2023, Presto Inc. acquires a franchise for $33,000. The franchise has a limited life of 12 years. What is the maximum amount of CCA that Presto Inc. can claim for its taxation year that ends December 31,2022? 

Assume that no designation will be made for immediate expensing. Round your answer to the nearest cent. 

 

Answer rating: 100% (QA)

To determine the maximum amount of Capital Cost Allowance CCA that Presto Inc ... View the full answer