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Question 5 5 pts Petra Pte Ltd purchased an equipment for $120,000 in the financial year ended 31 December 2016. Assuming that the company has

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Question 5 5 pts Petra Pte Ltd purchased an equipment for $120,000 in the financial year ended 31 December 2016. Assuming that the company has always claimed maximum capital allowances whenever possible, the maximum amount of capital allowances claimable for Year of Assessment 2020 is: $40,000. O $24.000. O $16.000. Nil

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