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On December 1 of the current year , ABC Limited purchased a franchise for $ 70,000 . The franchise has a limited life of 15

On December 1 of the current year , ABC Limited purchased a franchise for $ 70,000 . The franchise has a limited life of 15 years . Which one of the following amounts represents the maximum amount of CCA ABC Limited can claim for its current taxation year ending on December 31 ? $ 396 . $ 7,000 . $ 594 . S4,667

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