E None of these 4) A sole proprietor sold depreciable property for $7,000 and experienced a loss of $3,000 for accounting purposes during the year. The asset was the last one in the CC class. Before the sale, the undepreciated capital cost (UCC) of the Class was $10,00 How will that loss be reported for tax purposes? A Capital loss of $3,000 claimed against taxable capital gains B Allowable capital loss of $1,500 C Terminal loss of $1,500, claimed against business income Terminal loss of $3,000 claimed against business income None of these