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Calculate capital cost allowance for automobile transactions

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Reference no: EM132700109

Tate Advertising, acquires an automobile, for $75,000, during their 2016 taxation year, for the use of one of their account managers. They sell the automobile for $35,000 during their 2018 taxation year.

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Problem 1: Calculate the capital cost allowance for the automobile transactions of Tate Advertising in 2016 and 2018.

Reference no: EM132700109

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