Multiple Choice
A firm is considering investing in a new machine that will cost $600,000 and will be be under asset class 43 with a CCA rate of 30%.If the firm's marginal tax rate is 39%,what is the CCA tax shield in the first year?
A) $120,000
B) $35,100
C) $300,000
D) $234,000
E) $90,000
Correct Answer:
Verified
Correct Answer:
Verified
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