11U, 9 , Class 10.1 pool. A passenger vehicle with a UCC of $15,000 was sold for $20,000. Recapture of $5,000 would be reported. UESTION 11 Canco's net income in its financial statements is $300,000. Included in this amount is a $40,000 gain from the sale of so equipment for $60,000 that had a net book value of $20,000; depreciation expense of $25.000, and meas are entertainment expenses of $13,000. The equipment that was sold had an original cost of $33,0000 and undepreciated capital cost (UCC) of $8,000. The capital cost allowance (CCA) computed for the year was 1.300 wawe ncome for tax purposes? O $306,000 $311,000 $317,500 O $324,500