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1.A corporation with a August 31 year end begins its operations on January 1, 2020. It has acquired $16000 of class 10 assets on this

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1.A corporation with a August 31 year end begins its operations on January 1, 2020. It has acquired $16000 of class 10 assets on this date. What is the max CCA for its fiscal year ending August 31, 2020? Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response. 2. On September 1 of 2020, Chen Ltd. purchased a franchise for $78000. The franchise has a limited life of 4 years. What is the maximum amount of CCA Chen Ltd. can deduct for its 2020 year ended December 31? Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response

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