AndreaArt6999 AndreaArt6999

19-04-2024
Business

Answered

On December 1 of the current year , ABC Limited purchased a franchise for $ 70,000. The franchise has a limited life of 15 years. Which one of the following amounts represents the maximum amount of CCA ABC Limited claim for its current taxation year ending on December 31?
A. $ 396
B. $ 7,000
C. $ 594
D. $4,667

Answer :

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