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Question - 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. Find the maximum capital cost allowance on the furniture and fixtures for the current year ending December 31?
a. $12,000.00.
b. $2,673.97.
c. $8,000.00.
d. $4,010.96.
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