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Question 1 Sweet Acacia Limited purchased an asset at a cost of $75,000 on March 1, 2017. The asset has a useful life of seven

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Question 1 Sweet Acacia Limited purchased an asset at a cost of $75,000 on March 1, 2017. The asset has a useful life of seven years and an estimated residual value of $2,400. For tax purposes, the asset belongs in CCA lass 8, with a rate of 20%. Calculate the CCA for each year, 2017 to 2020, assuming this is the only asset in Class 8. (Round answers to O decimal places, e.g. 5,275.) 2017 2018 2019 2020

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