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Tarantula Corp. reported the following information about the only machine that it owns: Date of purchase March 31, 2020 Capital cost $200,000 Estimated useful life

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Tarantula Corp. reported the following information about the only machine that it owns: Date of purchase March 31, 2020 Capital cost $200,000 Estimated useful life 10 years Estimated residual $20,000 value CCA Class Class 10 (30%) Tarantula uses straight-line depreciation to the nearest month for accounting purposes. Assume that at the end of calendar 2019, the UCC for this machine is $83.300. Tarantula sells the machine on January 2, 2020 for $90,000, and does not replace it. The recapture of CCA or terminal loss would be A) $56,000 recapture. B) $60,500 terminal loss

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