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  3. a proprietorship commenced operations on may 1,202

A proprietorship commenced operations on May 1,2020 and will have a calendar fiscal year. On...

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Accounting

A proprietorship commenced operations on May 1,2020 and will have a calendar fiscal year. On June 1, 2020, the proprietorship acquired goodwill for $60,000.

What is the maximum CCA deduction of the goodwill for the year 2020?

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