ABC Corporation has decided to sell one of its assets for $1.5 million. This asset is part of the Class 7 (15 percent) CCA pool and it was built three years ago at a cost of $2.2 million ABC Corporation's tax rate is 20 percent ABC Corporation uses 12 percent as its cost of capital 1 x A B IT a) If the Class 7 UCC at the start of the year in question was $3 million (and this was the only disposal), what would be the tax consequences of the sale of the asset? (5 marks) b) If the Class 7 UCC at the start of the year of the sale was $1 million, what would be the tax effect of the sale