Assume Canadian taxation rules for all questions

Consider a five-year MACRS asset purchased at $80,000. (Note that a five-year MACRS property class is depreciated over six years due to the half-year convention. The applicable salvage values would be $40,000 in year 3, $30,000 in year 5, and $10,000 in year 6.) Compute the gain or loss amounts when the asset is disposed of in

(a) Year 3.

(b) Year 5.

(c) Year 6.