ABC Registered, a sole proprietorship, began carrying on a business on September 1, 2023. A calendar based fiscal period ending December 31 was chosen. On October 1, 2023 the proprietorship purchased furniture and fixtures for $40,000. What will be the maximum CCA on the furniture and fixtures for the year ending December 31, 2023?  

Answer rating: 100% (QA)

The maximum Capital Cost Allowance CCA on the furniture and fixtures for ABC Registered for the year ... View the full answer