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Question - Sleepy Pillow Co. (Sleepy) commenced business on January 1 of the current year, with a December 31 year end. During the year, the company acquired:
Office furniture $200,000
Computer applications software $50,000
Manufacturing equipment $90,000
Required - What is the maximum capital cost allowance (CCA) that Sleepy can claim for the current year?
a. $187,500
b. $177,500
c. $225,000
d. $200,000
he bond pays $30 every six months. The current market interest rate is 8%. What is the most you would be willing to pay for this bond?
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