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3. During the Taxation year ending December 31, 2016 , your company acquired depreciable asset for $330000 and you included this in class 3 for

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3. During the Taxation year ending December 31, 2016 , your company acquired depreciable asset for $330000 and you included this in class 3 for the year. Early 2017, you discover that the asset should have been allocated in class 8. What was the impact of this error on your company's 2016 deduction? (4 marks)

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