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A1A is a proprietorship that has a calendar fiscal year. The proprietorship begins operations on April 1, 2020 and acquires a machine on December
A1A is a proprietorship that has a calendar fiscal year. The proprietorship begins operations on April 1, 2020 and acquires a machine on December 1, 2020. The machine has a cost of $24,000 and A1A incurs an additional $5,600 in expenses for installation. The machine is a Class 8 asset with a rate of 20%. What is the maximum CCA deduction A1A can take on this asset for the April 1 to December 31, 2020 fiscal year? Choose the correct answer. (Round your answer to the nearest dollar.) OA. $6,690 OB. $2.230 OC. $4,460 D. $8,880
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