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A business purchases a delivery truck for $ 4 0 , 0 0 0 , which falls under Class 1 0 with a CCA rate

A business purchases a delivery truck for $

40, 000,

which falls under Class

10

with a CCA rate of

30 % .

Calculate the CCA for the first year, considering the half

-

year rule applies. How would this affect the business's taxable income?

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