Question
The cost of the machine is $14,859. The CCA rate is 23%. After 8 years, the machine is sold for $658. If it is
The cost of the machine is $14,859. The CCA rate is 23%. After 8 years, the machine is sold for $658. If it is the only asset in the asset class and the tax rate is 40%, what is the TRTL? (Assume 150%-rule; TRTL = Tax on Recapture or Terminal Loss, see slide 10 of CCA)
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
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