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A1A is a proprietorship that has a calendar fiscal year. The proprietorship begins operations on April 1, 2020 and acquires a machine on December 1,
A1A is a proprietorship that has a calendar fiscal year. The proprietorship begins operations on April 1, 2020 and acquires a machine on December 1, 2020. The machine has a cost of $21,070 and A1A incurs an additional $7,425 in expenses for installation. The machine is a Class 8 asset . What is the maximum CCA deduction A1A can take on this asset for the April 1 to December 31, 2020 fiscal year (hint: assume 2020 was NOT a leap year)?
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