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Assume that a company that incorporated (just started business) on February 25, 2017, and purchased a truck for $35,000 on April 14, 2017. The company

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Assume that a company that incorporated (just started business) on February 25, 2017, and purchased a truck for $35,000 on April 14, 2017. The company purchased two small excavators for $20,000 each on June 1, 2019. The following year, on March 20, 2020, the company traded the truck and, with an additional $12,000 cash. purchased a bulldozer. Finally, consider the tax consequences if on November 1, 2020 sold one excavator for $10,000. All the above assets fall into CRA Class 10 which has a 30% CCA rate. How much CCA can the company claim in 2019? $11,355.50 $14,249.00 $12.500.50 $12,247.50

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