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A wholesale business with a December 31 year end purchased new equipment on November 25, 2018, for $40,000. Before 2018, the business owned no other

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A wholesale business with a December 31 year end purchased new equipment on November 25, 2018, for $40,000. Before 2018, the business owned no other equipment Required: 1 Complete the table below to show the tax consequences of the business sells the equipment in 2020 for (a) $15,000? (b) $23.000? (c) $46,000? (Use a minus sign (-) when entering numbers that reduce UCC:) 2018 purchase 2018 CCA 2018 UCC 2019 CCA 2019 UCC $ $ $ 40.000 4,000 36,000 $ 7.200 S 28 800 2019 UCC $ Situation A $ $ Less disposal Proceeds Interim UCC Balance Terminal Loss Ending UCC 28,800 15,000 43,800 (43 800) 0 $ $ $ Situation B 2019 UCC Less disposal Proceeds Interim UCC Balance Terminal Loss Ending UCC 28.800 23,000 51,800 $ $ 51 800 $ Situation C 2019 UCC Less disposal Proceeds Interim UCC Balance $ 28.800 46,000 74.800 $

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