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On September 1 of 2020, Chen Ltd. purchased a franchise for $51000. The franchise has a
limited life of 4 years. What is the maximum amount of CCA Chen Ltd. can deduct for its 2020
year ended December 31?
Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response.

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On September 1 of 2020, Chen Ltd. purchased a franchise for $51000. .pdf

  • 1. On September 1 of 2020, Chen Ltd. purchased a franchise for $51000. The franchise has a limited life of 4 years. What is the maximum amount of CCA Chen Ltd. can deduct for its 2020 year ended December 31? Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response.