Question: On January 1 , 2 0 2 3 , Mr . Ray Holland leases an automobile to be used 1 0 0 percent of the

On January 1,2023, Mr. Ray Holland leases an automobile to be used 100 percent of the time in his unincorporated business. The lease cost is $1050 per month. The manufacturer's suggested list price for the automobile is $81000. Mr. Holland makes no down payment and no refundable deposits. Determine his maximum deduction for lease payments for 2023. Ignore GST and PST considerations. [Note that the prescribed amount for "B" in the Anti Avoidance formula increased to $36,000 as of Jan 1,2023.]

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