Our new computer system cost us $100,000. We will outgrow it in five years. When we sell
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Our new computer system cost us $100,000. We will outgrow it in five years. When we sell it, we will probably get only 20 percent of the purchase price. CCA on the computer will be calculated at a 30 percent rate (Class 10). Calculate the CCA and UCC values for five years. What will be the after-tax proceeds from the sale assuming the asset class is continued? Assume a 40 percent tax rate.
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0071051606
8th Canadian Edition
Authors: Stephen A. Ross, Randolph W. Westerfield
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