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You purchase an asset for$1,000,000. Three years later you sell the asset for $1,200,000. The UCC for the class was $2,000,000 and there will be
You purchase an asset for$1,000,000. Three years later you sell the asset for $1,200,000. The UCC for the class was $2,000,000 and there will be assets in the class after the sale. Find the value of the tax consequences if the cost of capital is 10%, the cca rate is 20% and the corporate tax rate is 30%.
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