Question: A proposed cost - saving device has an installed cost of $ 1 1 1 , 7 0 0 . It is in Class 4

A proposed cost-saving device has an installed cost of $111,700. It is in Class 43(30% rate) for CCA purposes. It will function for 6-years, at which time it will have no value.
a. Calculate UCC at the end of 6-years.
b. What are the tax implications when the asset is sold? Explain and state any assumptions you make.

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