Question
On October 1 of 2018 Meldrid purchased a franchise (Class 14) and commenced operating a new business as a sole proprietor. The franchise cost $120,000
On October 1 of 2018 Meldrid purchased a franchise (Class 14) and commenced operating a new business as a sole proprietor. The franchise cost $120,000 and has a 12-year limited life. What is the maximum CCA deduction that D can claim in 2019?
options:
|
| $3,000 |
|
| $5,000 |
|
| $10,000 |
|
| $6,000 |
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Advanced Financial Accounting
Authors: Richard E. Baker, Valdean C. Lembke, Thomas E. King
3rd Edition
0070054142, 978-0070054141
