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A company is considering purchasing a piece of equipment costing $642,001. The equipment belongs in a 30% CCA class. What is the anticipated tax savings

A company is considering purchasing a piece of equipment costing $642,001. The equipment belongs in a 30% CCA class. What is the anticipated tax savings in year 3 due to CCA on this equipment if the tax rate is 34%?

Question 5 options:

$33,438

$38,963

$23,469

$22,799

$32,087

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