3-4 sentences might be a paragrah

2. The Class 10 vehicle was disposed of because Maddie realized she preferred biking to her office, and it was too expensive to maintain a vehicle for business purposes. She sold the vehicle for $12,000. The original cost of the vehicle was $22,000. There are no other assets in Class 10.

3. The 4-year lease term started on January 1, 2019, at which time $20,000 was invested in leasehold improvements. Additional improvements costing $6,000 were made in 2020.

REQUIRED 1: Calculate maximum CCA for Vision Finder for the 2020 tax year. Your answer should show all supporting calculations and indicate the maximum CCA that can be claimed for each CCA class. In addition, determine the amount of any capital gain, recapture or terminal loss that arises.

3-4 Sentences