Asus Corporation purchased a long-term asset for $120,000. The asset has a 30% CCA rate. At the end of year 4, Asus sold the asset for $28,000. Given this information, determine the value of the terminal loss or recapture at the end of year 4.

a) terminal loss of $3,014

b) CCA recapture of $6,986

c) terminal loss of $6,986

d) CCA recapture of $6,986