LMO Company incurred expenditures for leasehold improvements during the year. The relevant lease is on...
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LMO Company incurred expenditures for leasehold improvements during the year. The relevant lease is on an office building that the Company rented at the beginning of 2021. The improvements cost $69388. The lease's initial term is 8 years, with an option to renew for another 3 years. The company had a profit before CCA on these leasehold improvements of $789367. What would be the maximum amount of CCA the company could deduct in 2021?
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