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A business decided to replace the passenger vehicle provided to one of its managers. The old auto had an original cost of $25, 000, undepreciated
A business decided to replace the passenger vehicle provided to one of its managers. The old auto had an original cost of $25, 000, undepreciated capital cost (UCC) of $10, 000 and was sold for $8, 000. No other vehicles were in the pool. The new passenger vehicle cost $35, 000. What would be the maximum deduction that would be claimed in the year?A)$4, 500B)$6, 000C)$6, 500D)$7, 250
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