Question: Our new computer system cost us $ 1 6 1 , 2 0 0 . We will outgrow it in five years. When we sell

  

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.)

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