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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

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.

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