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What is the maximum cca can take on the asset for the april

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Reference no: EM132776447

Problem 1: A1A is a proprietorship that has a calendar fiscal year. The proprietorship begins operations on April? 1, 2020 and acquires a machine on December? 1, 2020. The machine has a cost of ?$28,000 and A1A incurs an additional ?$4,800 in expenses for installation. The machine is a Class 8 asset with a rate of 20?%. What is the maximum CCA deduction A1A can take on this asset for the April 1 to December? 31, 2020 fiscal? year?

A. ?$7,414
B. $4,942
C. ?$9,840
D. ?$2,471

Reference no: EM132776447

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