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A business purchased a capital asset for $258,000 during 2017. The asset was placed in the 30% CCA asset class. The business had a 25%
A business purchased a capital asset for $258,000 during 2017. The asset was placed in the 30% CCA asset class. The business had a 25% marginal income tax rate. Calculate the CCA deduction for the third year after purchase. How much income taxes was saved in 2019 from owning the asset?
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