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A piece of equipment is in Class 7 with a maximum CCA rate of 15%.The income tax rate is 40%.The tax savings from the CCA tax shield on this equipment for the first year was $1,500.What must have been the original capital cost of the equipment?
Provincial Governments
The governing bodies of provinces within a country, responsible for managing regional issues and implementing laws and policies at the provincial level.
Inequality
The unequal distribution of resources, opportunities, rights, and power among people in a society.
Accumulation
The process of gradually gathering or acquiring an increasing quantity of something over time.
Fraud
A deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.
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