Question: Our new computer system cost us $ 1 5 7 , 6 0 0 . We will outgrow it in five years. When we sell

Our new computer system cost us $157,600. 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.
Year CCA Ending UCC for 5 years
What will be the after-tax proceeds from the sale assuming the asset pool remains open? Assume a 40% tax rate.

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