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This is an example of how CAA works when claiming an underclass 50.
Let’s say in the first year of business, you purchased software licenses for $300. This expense will fall into class 50, which has a deduction rate of 55%.
$300 x 55% = $165
However, class 50 is subject to the half-year rule. This means you’ll have a CCA of $82.50, with $217.50 left over as the UCC.
$300 – $82.50 = $217.50
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