Omar’s business purchased several pieces of machinery some time ago for $25,000. At the beginning of the current year, this pool of assets had a UCC of $15,000. During the year, Omar decided to sell all the assets from this pool. For each of the three sale prices below, determine if the firm will report a capital gain and calculate the amount (if any) of CCA recapture and/or terminal loss.
a. $30,000
b. $20,000
c. $10,000