On January 1, 2017, Seal Corp

question 54

Multiple Choice

On January 1, 2017, Seal Corp.purchased a machine costing $250,000.The machine is in an asset class for tax purposes with a 30% CCA rate.It has an estimated $40,000 residual value at the end of its five year useful life.The CCA deduction for tax purposes for the year 2017 is

• A)$25,000.
• B)$31,500
• C)$37,500.
• D)$75,000.

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Human Interests

Topics or areas that are of concern or importance to human beings.

Binomial Name

The two-part scientific name of an organism, consisting of the genus and species, used in the taxonomy system for classifying and naming organisms.

Manatee

Aquatic, mostly herbivorous mammals known as sea cows, found in coastal waters and rivers.