Homework answers / question archive / Myrle Cocco owns a car that she uses both in her business and for personal use

Myrle Cocco owns a car that she uses both in her business and for personal use

Taxation

Share With

Myrle Cocco owns a car that she uses both in her business and for personal use.  The cost of the car was $28,000 and, on January 1, 2019, the UCC for the vehicle (it is the only asset in Class 10) was $11,662.  During the year she drives the car a total of 42,000 kilometers of which 38,000 were related to her business activities.  Her insurance for the year was $950 and her operating costs were $6,500.  What is the amount of her maximum deduction for car costs during 2019?



 

		
$10,239.



		
$10,949.

		
$17,292.



		
$ 9,906.