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

Question 105

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 3.

A) $7,140
B) $8,250
C) $9,360
D) $10,470
E) $11,580

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