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[Capital Cost Allowance, Terminal Loss, Recapture] Pinball machines fall into CCA Class 16, which has a 40% depreciation rate (d = 0.4). Totally Tubular, a
[Capital Cost Allowance, Terminal Loss, Recapture] Pinball machines fall into CCA Class 16, which has a 40% depreciation rate (d = 0.4). Totally Tubular, a video arcade, made the following purchases and dispositions of pinball tables from 2018 to 2021. The starting UCC balance in 2018 was $0. Year 2018 2019 Purchases Dispositions $14,000 $5,000 $11,000 $0 $150 $8,500 $0 $10,000 2020 2021 a. Use the information above to fill in the following table. (The table format and column headings were taken directly from examples in the textbook.) Year Adjustments to UCC from Purchases and Dispositions Base UCC Amount for Capital Cost Allowance Capital Cost Allowance Remaining UCC 2018 2019 2020 2021 . Totally Tubular's (small business) tax rate is 12%. If the business disposed of the last of its Class 16 assets in 2021, by how much did its taxes for that year rise or fall due to terminal loss or recapture? (You may assume Totally Tubular's taxable income is over $100,000.) Totally Tubular's taxes went (up/down) by $ Work
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