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6. The table below shows how an asset purchased for $40,000 and belonging to an asset class with a 20% CCA rate is depreciated over
6. The table below shows how an asset purchased for $40,000 and belonging to an asset class with a 20% CCA rate is depreciated over time for tax purposes: Suppose the asset is sold for $26,000 after three years and the asset pool is terminated. As a result of this: A. Firm must pay CCA recapture on $2960 B. $23,040 must be removed (deducted) from the asset pool. C. $26,000 must be removed (deducted) from the asset pool. D. Both A and B are correct. E. Both A and C are correct
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