During the 2020 year, Byrd Corporation incurred costs of $30000 for leasehold improvements to its...
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During the 2020 year, Byrd Corporation incurred costs of $30000 for leasehold improvements to its newly rented building. The lease was signed in the current year for an initial term of 7 years, plus one option to renew the lease, for an additional 5-year term. What is the maximum CCA claim in the 2020 year?
Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response.
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