on december 1 of the current year plen limited, Taxation

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on december 1 of the current year plen limited

On December 1 of the current year, Plen Limited purchased a franchise for $70,000.The franchise has a limited life of 15 years. Which one of the following amount represents the maximum amount of capital cost allowance Plen Limited can deduct for its current year ending on December 31.

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Taxation: on december 1 of the current year plen limited

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