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BBD Company has the following information related to class 10 assets for the current year. Beginning Balance: $158,000 cost of additions: $16,000 Dispositions, proceeds: $44,000

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BBD Company has the following information related to class 10 assets for the current year. Beginning Balance: $158,000 cost of additions: $16,000 Dispositions, proceeds: $44,000 (original cost = $74,000) The class 10 rate is 30%. Using only this information, what is the maximum CCA deduction for the current year for class 10 assets ? Choose the correct answer A. $37,200 OB. $39.000 OC. $35,400 OD. $47 400 0 Sam is an individual taxpayer who is employed by a large retail company, Sam also works some nights and weekends as a contractor installing carpet for homeowners The profit Sam earns from installing carpets is considered Choose the correct answer O A. capital gain OB. business income O C. employment income OD. property income

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