The cost of the machine is $13,309. The CCA rate is27%. After 8 years, the...

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Accounting

The cost of the machine is $13,309. The CCA rate is27%. After 8 years, the machine is sold for $1,462 which is less than the UCC of the asset class. If there are other assets in the asset class, the discount rate is7% and the tax rate is37%, what is the present value of the CCA tax shield of this machine? (Assume150%-rule)

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