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Harrison Chen, an insurance salesperson, acquired a luxury antique sports car in 2020 for a capital cost of $38,000. The car will be used 45%
Harrison Chen, an insurance salesperson, acquired a luxury antique sports car in 2020 for a capital cost of $38,000. The car will be used 45% of the time in performing his duties of employment. What is the ending UCC balance in year 1 assuming Harrison applies the accelerated investment incentive
A. $38,000
B. $30,000
C. $13,500
D. $16,500
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