A company automobile for use by the present of the company was purchased for $90,000 in 2023. This automobile replaced the only other existing company automobile, which was purchased in 2021 for $ 95,000. The old automobile was sold for $ 60,000. Neither antomobile was a zero-emission vehicle. 

What is the CCA?

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The Capital Cost Allowance CCA is a Canadian tax term used to describe the depreciation expense that ... View the full answer