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Wilf Company Acquired an Additional Class 10 (30% Declining Balance)

Question 36

Multiple Choice

Wilf Company acquired an additional Class 10 (30% declining balance) asset for $60,000. The UCC at the beginning of the year was $100,000. CCA in the current year is


A) $48,000.
B) $24,000.
C) $45,000.
D) $37,500.
E) $39,000.

Correct Answer:

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