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At the Beginning of Year 1,LMOT Company Had the Following

Question 28

Multiple Choice

At the beginning of year 1,LMOT Company had the following UCC balances:
Class 43,CCA rate = 30%,UCC = $25,000
Class 8,CCA rate = 20%,UCC = $10,000
During Year 1,LMOT neither bought nor sold any assets.The total CCA that LMOT can claim in Year 1 is:


A) $4,750
B) $7,000
C) $9,500
D) $10,500

Correct Answer:

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