A proprietorship has a calendar fiscal year and acquires a machine on April1, 2020. The machine has a cost of $52,000. The proprietor pays a contractor $17,000 to install the machine and pays anon-refundable provincial sales tax of $5,000. The machinery is Class 8 equipment with a CCA rate of 20%. Assuming that the opening UCC for Class 8 assets is$0, what is the maximum CCA that can be deducted for this machine in fiscal year 2020?

Choose the correct answer.

A.

$14,800

B.

$7,400

C.

$22,200

D.

$20,700

ans B ia wrong (7400) is wrong