In the previous year O purchased a business. Included in the purchase price was $300,000 for goodwill.
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In the previous year O purchased a business. Included in the purchase price was $300,000 for goodwill. Since the business incurred a loss, no discretionary deductions such as CCA, were claimed. What is the maximum CCA deduction that can be claimed in the current year for the goodwill?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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