1) Kanata Construction specializes in large projects in Edmonton and Saskatoon. In 2021, Kanata invested $1.9 million in new excavating equipment, which qualifies for a CCA rate of 50%. At the same time the firm sold some older equipment on the secondhand market for $180,000. When it was purchased in 2018, the older equipment cost $480,000.

Calculate the UCC for the asset pool in each year from 2018 through 2022. (Round the final answers to 2 decimal places. Omit $ sign in your response.)

Year	CCA	Ending UCC
2018	$	$
2019	$	$
2020	$	$
2021	$	$
2022	$	$

2) Our new computer system cost us $161,200. We will outgrow it in five years. When we sell it, we will probably get only 10% of the purchase price. CCA on the computer will be calculated at a 30% rate (Class 10).

Calculate the CCA and UCC values for five years. (Round your intermediate calculations and final answers to 2 decimal places. Omit $ sign in your response.)

Year	CCA	Ending UCC
1	$	$
2	$	$
3	$	$
4	$	$
5	$	$

What will be the after-tax proceeds from the sale assuming the asset pool remains open? Assume a 40% tax rate. (Omit $ sign in your response.)

After-tax proceeds $

Answer rating: 100% (QA)

1 Kanata Construction Asset Pool Year CCA Ending UCC 2018 96000 3... View the full answer