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A machine is the only asset in a CCA asset class with a 20% CCA rate. The machine was purchased in year 1 for $10,000.

A machine is the only asset in a CCA asset class with a 20% CCA rate. The machine was purchased in year 1 for $10,000. What is the CCA charge in year 2?

$1,000

$1,600

$1,800

$2,000

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