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Calculate the maximum class cca

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Reference no: EM133130236

Question - Basil Partnership has an opening Class 13 undepreciated capital cost balance of $324,000 as at January 1, 2021.

The Class13 balance relates to renovations on a warehouse in 2018 at a cost of $450,000. The warehouse lease had 6 years remaining in 2018, with 2 successive renewal options of 3 years each.

Further leasehold improvements were made to the warehouse in 2021 at a cost of $104,000.

Required - Following the above information, calculate the maximum Class 13 CCA for 2021. Provide details of all calculations.

Reference no: EM133130236

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