Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on october 1 of 2018 meldrid purchased a franchise

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

70.2K

Verified Solution

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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

A bullet flies horizontally, hits a wooden block suspended from a 1.0 m string, and gets...

Geometry
1.2K views

Find MidPoint 1 9 10 10 2 2 1 3 3 1 M x x...

Basic Math
1.2K views

a 7C b 7P2 a 7C 21 Simplify your answer b 7P2 Simplify your answer

Algebra
1.2K views

Find the length of the unknown side of the given triangle The side is m...

Accounting
1.2K views

help! Acceobing thusiness at a Special price as followt: oer unit

Accounting
1.2K views

Saved Help Delph Company uses a job-order costing system and has two manufacturing departments-Molding and...

Accounting
1.2K views

Elisa and Clyde pay $9,000 in wages to Boyd, a part-time employee. Because this amount...

Accounting
1.2K views

I don't know what to add because the assignment is like that Term Project...

Accounting
1.2K views

Dabwiso Limited uses a standard costing system. The standard cost per unit of Product...

Accounting
1.2K views

Identify the situations in which process-costing systems are appropriate

Accounting
1.2K views

please solve will rate ! Record the January 2022...

Accounting
1.2K views

Case 1, which begins in Chapter 3, is a company that distributes surfboards and is...