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Exercise 06-05 On October 1 of the current year F purchased a franchise and commenced operating a new business as a sole proprietor. The franchise

Exercise 06-05

On October 1 of the current year F purchased a franchise and commenced operating a new business as a sole proprietor. The franchise cost $150,000 and has a 20-year term. What is the maximum CCA deduction that F can claim in the current year?

Note:Do not place a minus sign in front of the amount.

$

Course- Introduction to taxation

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