Question: Rushmore Ltd . , with a tax year that ends on Dec 3 1 , has a class 1 0 ( 3 0 % )

Rushmore Ltd., with a tax year that ends on Dec 31, has a class 10(30%) UCC balance on January 1,2024 of $28000. During 2024, it acquired 20 class 10 cars. The total cost of all the cars was $196000. The Company also disposes of 15 cars for total proceeds of $62000. In no case did the proceeds of disposition exceed the capital cost of the vehicle being disposed of. Determine the maximum Class 10 CCA that Rushmore Ltd. can deduct for 2024.

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