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Metalworks is looking at a $100,000 polishing machine (CCA class 8). Services provided by the machine are expected to bring $15,000 per year in value
Metalworks is looking at a $100,000 polishing machine (CCA
class 8). Services provided by the machine are expected to bring $15,000 per year in value over
the next five years. Operating costs are expected to be $1,000 per year. Calculate the amount of
taxes paid in each of the next five years of service life under the corporate tax rate of 40%.
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