Question: ABC Inc was incorporated and started operating in 1975. On December 28, 2015, ABC Inc. purchased a passenger vehicle for $125,000 (ignore GST and PST

ABC Inc was incorporated and started operating in 1975. On December 28, 2015, ABC Inc. purchased a passenger vehicle for $125,000 (ignore GST and PST in this question). ABC Inc has no other capital asset in any of its CCA classes.

Which CCA class should the vehicle be under for CCA calculation purposes?

Please calculate the maximum CCA that ABC Inc could claim for the year 2015. Please show your calculation.

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