A company bought a luxury passenger vehicle for $100,000 during the year 2023. What is maximum amount of CCA the company can claim for the year 2023? Select one: a. $16,200 O b. $45,000 c. $30,000 O d. $10,800

A company bought a luxury passenger vehicle for $100,000 during the year 2023. What is maximum amount of CCA the company can claim for the year 2023? Select one: a. $16,200 O b. $45,000 c. $30,000 O d. $10,800

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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vvk.3

A company bought a luxury passenger vehicle for $100,000 during the year 2023. What is maximum
amount of CCA the company can claim for the year 2023?
Select one:
O a. $16,200
O b. $45,000
C.
c. $30,000
O d. $10,800

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