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.$)$

Answer rating: 100% (QA)

To calculate the CCA and UCC values for five years well use the declining balance me... View the full answer