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Find the value of the terminal loss or recapture

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Reference no: EM132967814

Problem 1: 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. Show calculations in detail.

Reference no: EM132967814

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