Question 1:

A Sristee Inc. had an operating cash flow of $1400, change in net working capital of $160 and cash flow from assets of $740. In addition, it had deprecation of $110, and a beginning fixed asset value of $630. Given this information, calculate the company's ending fixed asset value.

B Amandeep Corporation purchased a long-term asset for $100,000. The asset has a 20% CCA rate. At the end of year 6, Amandeep sold the asset for 26,000. Given this information, determine the value of the terminal loss or recapture at the end of year 6.