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in CANADA BUS 345 Quiz 5 - Chapter 5 ABC Inc was incorporated and start operating since 1975. On December 28, 2015, ABC Inc. purchased

in CANADA

BUS 345 Quiz 5 - Chapter 5

ABC Inc was incorporated and start operating since 1975. On December 28, 2015, ABC Inc. purchased a passenger vehicle for $125,000 (ignore GST and PST in this question). ABC Inc has no other capital asset in any of its CCA class.

Which CCA class should the vehicle be under for CCA calculation purpose?

Please calculate the maximum CCA that ABC Inc could claim for year 2015. Please show your calculation. (10 marks)

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