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On September 1, Maria Battelio, a Calgary resident, commenced work as an investment dealer

On September 1, Maria Battelio, a Calgary resident, commenced work as an investment dealer with Top Investments Corporation. Prior to September, Maria was a fourth-year commerce student at the University of Edmonton. Maria s contract of employment required that she use her own car and incur the necessary expenses to earn commission income. Maria purchased her car on September 1 for $21,000. Top Investments Corporation lent her the $21,000 for the car and she agreed to repay them $7,000 annually, without interest, on December 31 of each year. Assume that Maria s deductible capital cost

Dec 06 2019 Read more Less More

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