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On November 1 of 2020, Chen Ltd. purchased a franchise for $62000. The franchise has a limited life of 5 years. What is the maximum

On November 1 of 2020, Chen Ltd. purchased a franchise for $62000. The franchise has a limited life of 5 years. What is the maximum amount of CCA Chen Ltd. can deduct for its 2020 year ended December 31?

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