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On December 1 of the year, the Company purchased a franchise for $38,695. The franchise has a limited life of 10 years. Determine the maximum

On December 1 of the year, the Company purchased a franchise for $38,695. The franchise has a limited life of 10 years.

Determine the maximum CCA deduction amount for this year (Hint: the number of days since its acquisition is 31 days).

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