1. Zeta Ltd. is a Canadian-controlled private corporation, printing and publishing books, which began operating on June 1, 2020.It has chosen a December 31, year-end.

Zeta purchased the following assets:

Land and Building to be used for manufacturing

built after March 18, 2007 ($348,000 with $100,000 allocated to land) $248,000

Printingpresses120,000

Office furniture andequipment33,000

$245,000

The following facts were gathered by the accountants:

1.Legal fees paid to set up the company were $20,000.

2.A new passenger vehicle costing $60,000 was purchased in November 2020.

3.Zeta paid $30,000 for production of a TV commercial.

Required:

Calculate Zeta's maximum capital cost allowance for 2020.