Roy disposed of a piece of equipment that falls into his Class 8 CCA account (it was the only asset in this account). The proceeds of disposition on the equipment are $5,000. The UCC is $5,000 and the original cost was $20,000. With regard to this transaction, which one of the following statements is true?

A. There is no tax implication from this sale

B. Roy realizes a $15,000 capital loss.

C. Roy realizes a $5,000 terminal loss.

D. Roy realizes a $15,000 terminal loss.