Rachel bought a pickup truck from her father, Marcus, in her 2011 fiscal period for $4,000. Marcus paid $10,000 for the truck in 2006. Since the amount Rachel paid is less than the amount Marcus paid, we consider Rachel's cost to be $10,000. We also consider that Rachel has deducted CCA of $6,000 in the past ($10,000 − $4,000).
Rachel completes the CCA chart on page 4 of Form T2125 as follows:
* In Area B, she enters $10,000 in column 3, "Total cost."
* In Area A, she enters $4,000 in column 3, "Cost of additions in the year," as the addition for her 2011 fiscal period.