1 in november 1 of the current year perry inc acquires a franchise for
1. In November 1 of the current year, Perry Inc. acquires a franchise for $32,000. Thefranchise has a limited life of 12 years. What is the maximum amount of CCA that PerryInc. can deduct in its current taxation year which ends on December 31? Use number ofdays to determine your answer.
a B $2,666.67. 1 C $1,333.33. a D $668.49.
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