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What amount will be deducted for income tax purposes

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Reference no: EM132554647

This is a Canadian income tax question- CCPC. Please help solve this:

During the year, the company paid $12,000 as a lease payment for the automobile used by Stuart. This vehicle was available to Stuart throughout the fiscal year. Beginning UCC balance for class 10.1 is $25,500.

Question 1: What amount will be deducted for income tax purposes?

Reference no: EM132554647

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