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J Ltd.’s office building was destroyed by fire in the current year. The building’s original cost...

J Ltd.’s office building was destroyed by fire in the current year. The building’s original cost was $280,000 and the class 1 UCC balance at the beginning of the year was $200,000. The building was insured for its market value of $350,000. A new building costing $400,000 was constructed 18 months after the fire. What is the minimum recapture of CCA for tax purposes in the current year?

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