Tinas Business Inc. bought machines some time ago for $30,000. She decided to sell all the assets

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Tina’s Business Inc. bought machines some time ago for $30,000. She decided to sell all the assets from this pool at the end of this year. The pool of assets had a UCC of $5,000 before the sale, and the whole asset class was sold for $40,000. Calculate the amount of any capital gain, and calculate the amount (if any) of CCA recapture and/or terminal loss.

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Introduction To Corporate Finance

ISBN: 9781118300763

3rd Edition

Authors: Laurence Booth, Sean Cleary

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