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4. Calculate what fees are payable for the cell phones leaving Canada by Ocean for the United States. Transaction details for the shipment: ABC Canada

4. Calculate what fees are payable for the cell phones leaving Canada by Ocean for the United States. Transaction details for the shipment: ABC Canada INC., exports 1000 cell phones, country of Origin China. The value of the phone is US$120000.00. The US import duty rate is 8.5%. (Show all calculations using the format provided in PPT for full marks - 25 Marks)

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