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  3. problem 6 consider a cca class 43 asset (d = 30%),

Problem 6 Consider a CCA Class 43 asset (d = 30%), which was purchased at...

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Problem 6 Consider a CCA Class 43 asset (d = 30%), which was purchased at $70,000. The applicable salvage values would be $20,000 in year 3, $10,000 in year 5, and $5000 in year 6, respectively. Suppose that the applicable tax rate is 40%. Compute the gain or loss amounts and the net salvage values when the asset is disposed of (a) in year 3, (b) in year 5, and (c) in year 6

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