Maximum capital cost allowance on the furniture


ABC Enterprises began operations on September 1 of the current year. It has chosen December 31 as its year end. On October 1 of the current year, the proprietorship purchased furniture and fixtures for $40,000. What will the maximum capital cost allowance on the furniture and fixtures for the current year ending December 31 will be?

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Accounting Basics: Maximum capital cost allowance on the furniture
Reference No:- TGS088579

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