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A sole proprietor began their business on July 1, 2020 and purchased the following assets: office furniture for $7,000, computer for $3,000, and application software
A sole proprietor began their business on July 1, 2020 and purchased the following assets: office furniture for $7,000, computer for $3,000, and application software for $500. What would be the maximum capital cost allowance (CCA) claim for 2020?
a. 2,306
b. 3,550
c. 4,575
d. 2,558
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