Your Firm Sells a Machine It Purchased Two Years Ago

Your firm sells a machine it purchased two years ago. The selling price was approximately 50% less than the book value of the machine. As a result of this transaction, your firm has a tax benefit:

A) in the amount of the tax rate multiplied by the difference between the selling price and the original purchase price
B) in the amount of the tax rate multiplied by the difference between the selling price and the book value
C) that is available in the current year only
D) that is only available for certain types of assets as defined by the CRA
E) that depends on the composition of the CCA pool to which the asset belongs