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A private company just acquired a new software to do in-house accounting. The company paid...

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Accounting

A private company just acquired a new software to do in-house accounting. The company paid $10,000 for the software. Annual upgrades over next 3 years will cost company $1,50 per year. Software belongs to Class 10 of the Canadian CCA system with the CCA rate of 30%. Calculate the PW of the tax savings in year 2 due to the CCA system under annual MARR of 5% and corporate tax rate of 12.5%.

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