Revenue Canada requires each vehicle in category 10.1 to recorded individually. The disposal of the trade in vehicle should come off of the opening balance of the undepreciated value and allow for 50% depreciation with an ending balance of $0
The new purchase should start as a purchase or addition but on a new line with the allowable $33,900 and also eligible for the 50% rule.
In your example the new vehicle has a $0 balance a the end of the calculations and no depreciation. Should there not be undepreciated balance at the end of the calculations?
