Multiple Choice
The capital cost allowance (CCA) tax shield of a Class 7 asset with a maximum 15% CCA rate was $12,000 for Year 2.The income tax rate was 40%.What was the total CCA deduction for the asset for Year 2?
A) $12,000.
B) $20,000.
C) $30,000.
D) $80,000.
Correct Answer:
Verified
Correct Answer:
Verified
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