A GST/HST registered business disposed of a passenger vehicle for $8,000 that had an original cost of $35,000 and UCC of $10,000. A new passenger gas powered vehicle was acquired for $45,000 plus $5,580 GST/HST. What would be the maximum capital cost allowance (CCA) for the year?

Answer rating: 100% (QA)

The capital cost allowance CCA for a passenger vehicle in Canada is subject to certain limitations A... View the full answer