Multiple Choice
In July 2014,Cassie purchases equipment for $55,000 to be used in her business.Assuming Cassie has a small net loss from her business prior to the deduction,what is the maximum amount of cost recovery Cassie can deduct?
A) $7,860.
B) $27,500.
C) $31,430.
D) $55,000.
Correct Answer:
Verified
Correct Answer:
Verified
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