Question: Our new computer system cost us $ 1 0 7 , 2 0 0 . We will outgrow it in five years. When we sell

Our new computer system cost us $107,200. 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 $
48240
$
58960
2 $
17688
$
41272
3 $
12381.60
$
28890.40
4 $
8667.12
$
20223.28
5 $
6066.98
$
10720
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 $
7801.

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