Activity Practice Problem 6.7: Terminal Loss Lucy Nguyen's business has a Class 8 balance of ( $ 15,750 ). During the current year, the last asset in the class, with a capital cost of ( $ 20,000 ), is sold for ( $ 10,000 ). There are no other dispositions during the year and there are no assets left in Class 8. What are the tax consequenc solutionspile.com

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Activity  Practice Problem 6.7: Terminal Loss Lucy Nguyen's business has a Class 8 balance of  (  $ 15,750  ). During the current year, the last asset in the class, with a capital cost of  (  $ 20,000  ), is sold for  (  $ 10,000  ). There are no other dispositions during the year and there are no assets left in Class 8. What are the tax consequences of this disposition?  solutionspile.com

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