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Westdale Burgers purchased a van for $19000 which is subject to a CCA rate of 30%. The company pays a corporate tax rate of 35%.
Westdale Burgers purchased a van for $19000 which is subject to a CCA rate of 30%. The company pays a corporate tax rate of 35%. The van is sold for $16600 at the end of the second year. What is the CCA Recapture amount due to the sale of the van? (hint - this would be the gain on the sale of the van)
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