A proprietorship commenced operations on May 1,2020 and will have a calendar fiscal year. On June 1,

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A proprietorship commenced operations on May 1,2020 and will have a calendar fiscal year. On June 1, 2020, the proprietorship acquired goodwill for $60,000.

What is the maximum CCA deduction of the goodwill for the year 2020?

Posted Date: Sep 21, 2021 10:26 AM

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A proprietorship commenced operations on May 1,2020 and will have a calendar fiscal year. On June 1,

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Capital Cost Allowance CCA is an annual deduction in the Canadian income tax code that can be claime... View the full answer

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