amshika used her own automobile, which she purchased many years ago for some of the travel. In 2023, she drove 32,000 kilometres, with 16,000 of these related to her travel for GGI and the remaining 16,000 for personal use. Operating expenses for the year totalled $3,200. GGI has advised her that CCA on the automobile for the year (100% basis) would be $4,500. Ramshika received no allowance for the use of her automobile. What is CCA? CCA is the automobile expense?

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CCA Explained CCA stands for Capital Cost Allowance Its a noncash expense that businesses can deduct ... View the full answer