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Several years ago, Solea Company purchased a Mercedes Benz that is used exclusively for business use. The car is in a separate Class 10.1. On

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Several years ago, Solea Company purchased a Mercedes Benz that is used exclusively for business use. The car is in a separate Class 10.1. On January 1,2022 the UCC balance is $17.850. On August 1, 2022 the car was sold for $17,000. For 2022 tax purposes, the company will report a: a. CCA deduction of $255. b. Terminal loss of $885, c. CCA deduction of $2,678. d. Recapture of $850. Song Ming sold the following personal use property during the current year: What is her taxable capital gain, net of allowable capital losses, for the current year? a. $200. b. $350, C. $400. d. $550

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