A sole proprietor has a business with the following assets: asset Land Office building ...

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Accounting

A sole proprietor has a business with the following assets:
asset
Land
Office building
30-year franchise*
Computer equipment
21 years remain
original cost
80,000
350,000
90,000
38,000
7,500
The following transactions occurred during the year:
Purchased additional computer equipment for $17,000.
Sold some of the computer equipment for $11,000.
What is the maximum CCA deduction for the current year? (rounded to the nearest 100)
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