Question: Class 10.1 The January 1, 2019 balance in this Class was $17,850. The only asset in this Class was the CEO's $350,000 Bentley. At the

Class 10.1 The January 1, 2019 balance in this Class was $17,850. The only asset in this Class was the CEO's $350,000 Bentley. At the instructions of the Company's directors, who felt this vehicle was excessively extravagant, the car was sold for $275,000 during 2019 Calculate the maximum CCA that can be taken on the class of asset for the year ending December 31, 2019 and calculate the UCC for the class of asset on January 1, 2020. In addition, determine the amount of any recapture or terminal loss that may arise. Edit View Insert Format Tools Table 12pt Paragraph BIUA D $17,850. The only asset in this Class was the CEO's $350,000 Bentley.

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