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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. $10,895b. $11,975c. $12,320d. $10,910e. $11,190
perpetual inventory using fifo august 1 inventory 50 units at 80 9 sale 30 units 13 purchase 40 units at 85 28 sale 25
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