During 2020 Desiderata Design Corp. purchased a new BMW for $42,000. The car is used exclusively for business use. The maximum CCA deduction for 2020 is:

Name: During 2020 Desiderata Design Corp. purchased a new BMW for $42,000. The car is used exclusively for business use. The maximum CCA deduction for 2020 is:
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The maximum CCA deduction for a passenger vehicle used 100% for business use is 30%. The maximum CCA deduction for 2020 is $42,000 x 30% = $12,600.