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Calculate the maximum Class CCA

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Reference no: EM133016225

Question - Basil Partnership has an opening Class 13 undepreciated capital cost balance of $324,000 as at January 1, 2019. The Class13 balance relates to renovations on a warehouse in 2016 at a cost of $450,000. The warehouse lease had 6 years remaining in 2016, with 2 successive renewal options of 3 years each. Further leasehold improvements were made to the warehouse in 2019 at a cost of $104,000. Following the above information, calculate the maximum Class 13 CCA for 2019. Provide details of all calculations.

Reference no: EM133016225

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