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Kinnetics Inc. purchased Class 8 equipment ( 2 0 % CCA Rate ) for $ 1 5 , 0 0 0 on July 2 3

Kinnetics Inc. purchased Class 8 equipment (20% CCA Rate) for $15,000 on July 23,2014. Opening UCC for Class 8 in 2015 was $12,000. Kinnetics is subject to 40% taxation. During 2015 Kinnetics sold Class 8 equipment with UCC of $9,000 and purchased another Class 8 equipment for $4,000.
Which of the below are correct?
CCA of $1,400 in 2015
Tax benefit of $560 in 2015
Ending UCC of $5,600 in 2015
All of the above are correct
None of the above are correct

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