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A company purchased a piece of equipment in 2000. The UCC amounts for this equipment are as follows: Year Adjustments to UCC from purchases and
A company purchased a piece of equipment in 2000. The UCC amounts for this equipment are as follows: Year Adjustments to UCC from purchases and dispositions Base UCC amounts for CCA CCA Remaining UCC 2000 $200 000 $100 000 $25 000 $175 000 2001 0 $175 000 $43 750 $131 250 How much tax savings could the company accumulate due to the CCA by the end of 2001 if the corporate tax rate is 50%? Question 17 options: $12 465 $24 580 $68 750 $30 925 $34 375
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