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Myrle Cocco owns a car that she uses both in her business and for personal use.The cost of the car was $28,000 and, on January
Myrle Cocco owns a car that she uses both in her business and for personal use.The cost of the car was $28,000 and, on January 1, 2018, the UCC for the vehicle (it is the only asset in Class 10) was $11,662.During the year she drives the car a total of 42,000 kilometers of which 38,000 were related to her business activities.Her insurance for the year was $950 and her operating costs were $6,500.What is the amount of her maximum deduction for car costs during 2018?
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