An Asset Was Purchased Midway into the Fiscal Year for $844,200

Multiple Choice

An asset was purchased midway into the fiscal year for $844,200. It was used to by the company for 17 months before being sold for $870,000. If the CCA class rate is 25%, the CCA recaptured is $315,994 and the Company's tax rate is 40%, how much corporate income tax will the company pay?

A) $10,320
B) $126,000
C) $131,557
D) $136,320
E) $139,290