AP 5-5 (CCA Calculations over Three Years) Barry's Books is a business carried on by Barry Levin as a sole proprietor. The business sells histori- cally important books (e.g., first editions). All sales are in Ontario. The fiscal period of the business began July 1, 2020. Since individuals who carry on their own business must use a calendar-year fiscal period (ITA 249.1), the first year was a short fiscal period beginning July 1, 2020, and ending December 31, 2020. At the commencement of his business Barry purchased the following depreciable property: A building with a capital cost of $1,200,000, which represented $410,000 for the land and the remaining $790,000 for the building. All the floor space of the building is used for the business. Barry's accountant filed a timely election to include the building in a separate class 1. Furniture and fixtures with a capital cost of $170,000. A customized delivery truck at a capital cost of $43,000. Barry's business policy is to always claim maximum CCA. In 2021, the following transactions took place: As the business enjoyed early success, on April 1 Barry purchases a $135,000 BMW. He has large logos of the business painted on both sides of the vehicle. He drives the BMW 100% for business purposes. He replaces the delivery truck purchased in 2020 with a larger truck. The cost of the new truck is $51,000 and, against this price, he receives a trade-in allowance of $26,000.