The cost of the machine is $12,972. The CCA rate is 26%. After 12 years, the machine is sold for $2,033. If it is the only asset in the asset class and the tax rate is 36%, what is the TRTL? (Assume 150%-rule; TRTL = Tax on Recapture or Terminal Loss, see slide 10 of CCA)

Answer rating: 100% (QA)

Calculating the Taxable Recapture or Terminal Loss TRTL Heres how to calculate the TRTL for the mach... View the full answer