Multiple Choice
A firm has just purchased a vehicle for $100 000. The CCA rate for this vehicle is 40%. The firm's corporate tax rate is 50%. What would be the firm's tax savings due to the CCA by the end of the first year?
A) $5 000
B) $7 500
C) $10 000
D) $15 000
E) $20 000
Correct Answer:
Verified
Correct Answer:
Verified
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