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A company has purchased an equipment costing $90,300. The equipment has a useful life of 3 years with a salvage value of $36,500. CCA will

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A company has purchased an equipment costing $90,300. The equipment has a useful life of 3 years with a salvage value of $36,500. CCA will be taken using a rate of 30.00%. The tax rate is 31.00%, while the discount rate is 10.00%. Assuming the company takes all available CCA every year and there will be some assets remaining in the CCA class after year 3, what is the EAC of this equipment? 19,789 20,284 20,778 21,273 21,768

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