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A company has purchased an equipment costing $94,800.The equipment has a useful life of 3 years with a salvage value of $38,300.CCA will be taken

A company has purchased an equipment costing $94,800.The equipment has a useful life of 3 years with a salvage value of $38,300.CCA will be taken using a rate of 30.00%.The tax rate is 32.50%, while the discount rate is 10.75%.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?

Question 6 options:

18,984

19,511

20,038

20,566

21,093

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