Question: Our new computer system cost us $100,000. We will outgrow it in five years. When we sell it, we will probably get only 20%

Our new computer system cost us $100,000. We will outgrow it in five years. When we sell it, we will probably get only 20% 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 the final answers to 2 decimal places. Omit $ sign in your response.) Year CCA $ 30000 Ending UCC 1 $ 70000 2 21000 $ 49000 3 14700 34300 4 10290 24010 5 $ 7203 $ 16807 What will be the after-tax proceeds from the sale assuming the asset class is continued? Assume a 40% tax rate. (Round the final answers to 2 decimal places. Omit $ sign in your response.) After-tax proceeds $ 18722.80

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