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4. Calculate the tax consequences for the following assets sales. The assets all belong to a CCA class with a 20% rate and the company

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4. Calculate the tax consequences for the following assets sales. The assets all belong to a CCA class with a 20% rate and the company has a cost of capital of 10% and a marginal tax rate of 30%. Unless told otherwise assume there are still assets in the class after the sale. a. An asset with an original cost of $10,000 is sold for $6,000. The UCC balance before the sale is $12,000.(4) b. Answer part a assuming the UCC balance before the sale was $4,000.(5) C. An asset with an original cost of $6,000 is sold for $5,000. This is the last asset in the class and the UCC balance before the sale was 11,000. (6) 4. Calculate the tax consequences for the following assets sales. The assets all belong to a CCA class with a 20% rate and the company has a cost of capital of 10% and a marginal tax rate of 30%. Unless told otherwise assume there are still assets in the class after the sale. a. An asset with an original cost of $10,000 is sold for $6,000. The UCC balance before the sale is $12,000.(4) b. Answer part a assuming the UCC balance before the sale was $4,000.(5) C. An asset with an original cost of $6,000 is sold for $5,000. This is the last asset in the class and the UCC balance before the sale was 11,000. (6)

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