Q5 Short Fiscal year Building \& Franchise On Oct 1, Kayla purchased a Frozen Foods restaurant franchise that serves ice cream to the public and commenced carrying on business immediately as a sole proprietor. She paid $60,000 for the franchise. The franchise agreement has a 10-year term. The ice cream business was so successful that Kayla quickly needed more space. On November 1 , Kayla purchased a small building for $200,000 (land $100,000 + building $100,000 ) and moved her business into it immediately. Assume the building was constructed in 2012. Assume Kayla's year end is December 31. Calculate the maximum CCA deduction for these assets for the first and second year. HINT: Short Fiscal year