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Fred's Pizza business provides you the following Accounting GAAP financial information for this year's business income tax return: Income Statement: Revenue: $100,000 Meals and Entertainment:

Fred's Pizza business provides you the following Accounting GAAP financial information for this year's business income tax return:

Income Statement:

  1. Revenue: $100,000
  2. Meals and Entertainment: $10,000
  3. Supply Expenses: $2,000
  4. Depreciation Expenses: $5,000

Assets Furniture (Class 8, 20%); UCC was $10,000; Purchase this year was $10,000 and disposed of furniture for proceeds of $10,000 and had an original cost of $5,000.

Building (Class 1, 4%); UCC was $100,000

The maximum CCA for furniture only for this year is?

Ignore the Accelerated Investment Incentive.

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