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On October 1 of 2018 Meldrid purchased a franchise (Class 14) and commenced operating a...

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Question

Accounting

On October 1 of 2018 Meldrid purchased a franchise (Class 14) and commenced operating a new business as a sole proprietor. The franchise cost $120,000 and has a 12-year limited life. What is the maximum CCA deduction that D can claim in 2019?

options:

$3,000

$5,000

$10,000

$6,000

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