Question: Explain the following four situations. What does it mean when each of these situations are realized at the end of the project? What needs to

Explain the following four situations. What does

Explain the following four situations. What does it mean when each of these situations are realized at the end of the project? What needs to happen between the company and the Canadian (Tax) Revenue Agency? (Assume the asset class will be closed.) 1. If the salvage value is equal to the ending Undepreciated Capital Cost (UCC) 2. If the salvage value is less than the ending UCC 3. If the salvage value is greater than the ending UCC 4. If the salvage value is greater than the initial cost Explain the following four situations. What does it mean when each of these situations are realized at the end of the project? What needs to happen between the company and the Canadian (Tax) Revenue Agency? (Assume the asset class will be closed.) 1. If the salvage value is equal to the ending Undepreciated Capital Cost (UCC) 2. If the salvage value is less than the ending UCC 3. If the salvage value is greater than the ending UCC 4. If the salvage value is greater than the initial cost

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