Question: Tina s Business Inc bought machines some time ago for 30 000

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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  • CreatedFebruary 25, 2015
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