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What is the maximum amount of cost recovery

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Question - In July 2019, Cassie purchases equipment for $55,000 to be used in her business. Assuming Cassie has a small net loss from her business prior to the deduction, what is the maximum amount of cost recovery Cassie can deduct?

a) $31,430.

b) $55,000.

c) $7,860.

d) $27,500.

Reference no: EM132509817

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