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Perla sold the last depreciable asset in Class 6 for $200,000. The undepreciated capital cost was $210,000 at the time of the sale. The asset

Perla sold the last depreciable asset in Class 6 for $200,000. The undepreciated capital cost was $210,000 at the time of the sale. The asset cost $250,000 when it was purchased. What amount is to be reported in net income for tax purposes?

options:

Terminal Loss $40,000

Terminal Loss $10,000

Capital Loss $10,000

Capital Loss $50,000

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