Great George Ltd. purchased a group of equipment in December 20X8 for $114,000. In 20X9, the...

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Great George Ltd. purchased a group of equipment in December 20X8 for $114,000. In 20X9, the company sold one asset with an original cost of $25,700, for $6,600. It spent $40,500 on a new replacement piece of equipment. All equipment qualifies as a Class 8 asset (20%) for tax purposes. Required: Calculate CCA and the closing UCC balance for 20X8 and 20X9. (Negative amounts should be indicated by a minus sign.) CCA UCC closing balance 20X8 20X9 Great George Ltd. purchased a group of equipment in December 20X8 for $114,000. In 20X9, the company sold one asset with an original cost of $25,700, for $6,600. It spent $40,500 on a new replacement piece of equipment. All equipment qualifies as a Class 8 asset (20%) for tax purposes. Required: Calculate CCA and the closing UCC balance for 20X8 and 20X9. (Negative amounts should be indicated by a minus sign.) CCA UCC closing balance 20X8 20X9

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