Determine the value of the terminal loss or recapture, Finance Basics

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Determine the value of the terminal loss or recapture

Problem

Robex Corporation purchased a long-term asset for $80,000. The asset has a 20% CCA rate. At the end of year 5, Cymex sold the asset for 25,000. Given this information, determine the value of the terminal loss or recapture at the end of year 5.

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Finance Basics: Determine the value of the terminal loss or recapture

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Finance Basics: Determine the value of the terminal loss or recapture

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