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A $40,000 Asset Was Purchased and Classified as a Class

Question 48

Multiple Choice

A $40,000 asset was purchased and classified as a Class 10 asset for CCA purposes. If the CCA rate is 30%, calculate CCA for year 5.

A) $3,499
B) $4,500
C) $5,050
D) $5,500
E) $6,000

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