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Use the following information to answer the questions below. Tarantula Corp. reported the following information about the only machine that it Owns: 10 years Date

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Use the following information to answer the questions below. Tarantula Corp. reported the following information about the only machine that it Owns: 10 years Date of purchase March 31, 2020 Capital cost $200,000 Estimated useful life Estimated residual value $20,000 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 OA) $6,700 recapture. OB) $6,700 terminal loss. OC) $60,500 terminal loss, D) $56,000 recapture

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