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1 . A corporation with a June 3 0 taxation year end begins carrying in business on January 1 , 2 0 2 3 .

1. A corporation with a June 30 taxation year end begins carrying in business on January 1,2023. The company purchases Class 8 property for $50,000 on March1,2023 in an arm's length transaction. Please calculate the CCA for the year.
2. How much terminal loss can be deducted in a taxation year? Please explain.

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