This is canadian taxation

-> A Moving to another question will save this response. Question 10 3 points Save Answe File Folders R' Us is in the business of manufacturing and selling file folders. On November 30, 2019 the company decided to stop manufacturing file folders and start focusing on selling only. As part of this transition it sold all of it's class 8 assets for $65,000. The opening UCC on January 1, 2019 was $24,000. What is the impact of the sale on net income for tax purposes? Taxable Capital gain - $20,500 Recapture - $41,000 Terminal loss - $41,000 CCA deduction - $4,800 CCA Deduction - $8,200 Recapture - $65,000 Terminal loss - $65,000 None of the above are correct Ada y ENG 1:40 PM 2020-04-15 ote ALIENWARE