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Need the Answer for B part BI U Ov Av.. Ev EvA Question 2 (Capital Cost Allowance-CCA & Taxes ) 25 Marks a) R Corporation

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BI U Ov Av.. Ev EvA Question 2 (Capital Cost Allowance-CCA & Taxes ) 25 Marks a) R Corporation purchased a long-term asset for $80,000. The asset has a 20% CCA rate. At the end of year 5, R Corporation sold the asset for 25,000. Given this information, determine the value of the terminal loss or recapture at the end of year 5. Show calculations in detail. b) The net income of an individual is $50,000, the tax liability is $10, 704.50 and the marginal-tax rate is 28%. Based on this information calculate the average tax rate of this individuals

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