Question 1 A company owns a vehicle fleet that was purchased for $5,500,000. Knowing that passenger vehicles fall under Class 10 for tax purposes. The effective tax rate is 40%. Assume books are closed and any tax credit for capital loss can be claimed immediately. Find the disposal tax effect for the fleet if sold after 5 years from now for the following prices: a] $6,000,000 b] $3,000,000 c] $1,000,000