In the current year N purchased equipment to be used in its manufacturing and processing operations for$400,000
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Question:
In the current year N purchased equipment to be used in its manufacturing and processing operations for$400,000 plus GST. N has been in the manufacturing business for a number of years and has annual sales in excess of 10,000,000.
Q) What is the maximum CCA deduction for the current year, assuming the new manufacturing equipment is the only asset in the Class?
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