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How much cca tax deduction can the business claim

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Reference no: EM133000749

Problem 1: A business purchased $110,000 of equipment classified as capital asset with a 20% CCA rate. The equipment qualifies for the Accelerated Investment Incentive. How much CCA tax deduction can the business claim in the third year?

Select one:

a. $10,895
b. $11,975
c. $12,320
d. $10,910
e. $11,190

Reference no: EM133000749

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