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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

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

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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