Exercice 2: 1. A company purchases an asset for $650,000. The asset is in asset class 10, which ha a CCA (Capital Cost Allowance) rate of 30 percent (declining balance method). Assume this is the only asset in this class. Calculate the CCA associated with this asset class of the year of acquisition and for the subsequent two years 2- Assume thul, during your 3. the company from example 1 abovo solls for $700.000 the asset it purchased for $650.000 Estimate the tax consequences of this transaction, again assuming that this is the only asset in this case. Exercice 2: 1. A company purchases an asset for $650,000. The asset is in asset class 10, which ha a CCA (Capital Cost Allowance) rate of 30 percent (declining balance method). Assume this is the only asset in this class. Calculate the CCA associated with this asset class of the year of acquisition and for the subsequent two years 2- Assume thul, during your 3. the company from example 1 abovo solls for $700.000 the asset it purchased for $650.000 Estimate the tax consequences of this transaction, again assuming that this is the only asset in this case