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What would be the amount of terminal loss James Co must add

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Question - James Co has the following related to Class 8? assets:

Beginning? UCC Balance: $35,624

James disposes of all assets within the class during the? year, for proceeds of disposition of $21,820. The total cost of these assets was $74,863

If James Co has no additions for the? year, and there are no assets remaining in the class at the end of the? year, what would be the amount of terminal loss James Co must add to business income for tax purposes?

Reference no: EM133033738

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