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After reviewing the following Capital Cost Allowance Chart, and completing the necessary calculations, please indicate which of the following are correct : i) In C
After reviewing the following Capital Cost Allowance Chart, and completing the necessary calculations, please indicate which of the following are correct : i) In C there is a UCC balance of $4,000 ii) In A there is a Terminal Loss of $4,000 iii) In D there is a Capital Gain iv) In B there is a Recapture of CCA v) All of the above A B C D Facts UCC Balance $12,000. $10,000. $12,000. $12,000. Proceeds of Disposition $8,000. $12,000. $8,000. $25,000. Capital Cost of Property Sold $20,000. $20,000. $20,000. $22,000. Assets Remaining in class Yes Yes No Yes Results Capital Gain Recaptured CCA Terminal Loss UCC Balance i, ii, iv iii, iv i, ii v
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