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2020 UCC balance $15000 in class 10.1 then purchased new car of 50000. in 2020 a...

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Accounting

2020 UCC balance $15000 in class 10.1 then purchased new car of50000. in 2020 a car was sold for 20000 and purchased for 80000.what will be the tax implications for 2020 for these twosituations?

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For 2020 Case 1 UCC balance 15000 in class 101 then purchased new car of 50000 For Class 101 vehicle CCA Capital Cost Allowance in the Previous Year 2019 maximum allowed is 30000 UCC balance is 15000 Lets assume    See Answer
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