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A proprietorship commenced operations on May 1, 2020 and will have a calendar fiscal year. On June 1, 2020, the proprietorship acquired goodwill for $53,000.
A proprietorship commenced operations on May 1, 2020 and will have a calendar fiscal year. On June 1, 2020, the proprietorship acquired goodwill for $53,000. Using only this information, what is the maximum CCA deduction of the goodwill for the year 2020? Choose the correct answer. (Round to the nearest whole dollar as needed.) A. $1,868 B. $2,650 c. $1,779 D. $2,668
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