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What would be the maximum amount of cca

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Reference no: EM133146412

Question - LMO Company incurred expenditures for leasehold improvements during the year. The relevant lease is on an office building that the Company rented at the beginning of 2021. The improvements cost $95701. The lease's initial term is 5 years, with an option to renew for another 2 years. The company had a profit before CCA on these leasehold improvements of $428505. What would be the maximum amount of CCA the company could deduct in 2021?

Reference no: EM133146412

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