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Radmore Ltd., with a taxation year that ends on December 31, has a Class 10 (30 percent) UCC balance on January 1, 2020, of $950,000.
Radmore Ltd., with a taxation year that ends on December 31, has a Class 10 (30 percent) UCC balance on January 1, 2020, of $950,000. During 2020, it acquires 15 eligible AccII cars at a cost of $20,000 each, for a total addition of $300,000. The company also disposes of 18 cars for total proceeds of $144,000. In no case did the proceeds of disposition exceed the capital cost of the vehicle being disposed of. Determine the maximum Class 10 CCA that Radmore can deduct for 2020, as well as the January 1, 2021, UCC balance.
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