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What is the amount of depreciation that the firm can claim

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Reference no: EM132995737

Problem 1: A firm has recently purchased Class 10 equipment for $100,000 with a CCA rate of 30%. What is the amount of depreciation that the firm can claim as a tax-deductible expense in the second year? Use the Accelerated investment rate

Select one:

a. $59,500
b. $25,500
c. $55,000
d. $16,500

Reference no: EM132995737

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