Loss on sale of equipment is 3600.

During the year, the company sold a delivery truck and purchased another. Both the old and new truck are Class 10 assets. The truck sold was purchased several years ago for $38,000 and had a net book value of $16,300 at the time of sale. A new truck was purchased for $55,000. This truck qualifies for the accelerated investment incentive. Information from the 2019 tax return: Closing UCC balances were: UCC Class 8, closing balance = $41,700 UCC Class 10, closing balance = $36,500 UCC 1. Class 14.1, closing balance = $4,200 Loss carryforwards available: Non-capital loss carryforward = $24,600 Net 2. capital loss carryforward = $7,500 You are advised to claim the maximum CCA deductions on the corporate tax return and to utilize the loss carry-forwards as soon as possible. Required: Calculate CCA, terminal losses and/ or recapture. (CCA rate: class 8 20%, class 10 30%, class 14.1 5%)