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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 $55,000. Using
A proprietorship commenced operations on May 1, 2020
and will have a calendar fiscal year. On June 1,2020,
the proprietorship acquired goodwill for $55,000.
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.$2,750
B.$1,846
C.$1,938
D.$2769
Please help me this question and the answer is not 55000x0.05= 2750 so dont give me that answer
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