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

Question 301

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 1.

A) $7,800
B) $10,200
C) $34,000
D) $6,000
E) $12,000

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