Question: Our new computer system cost us $114,400. We will outgrow it in five years. When we sell it, we will probably get only 10% of
Our new computer system cost us $114,400. 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 ond final answers to 2 decimal ploces. Omit $ sign in your response.) What will be the affer-tax proceeds from the sale assuming the asset pool temains open? Assume a 40% tax rate. (Omit $ sign in your response.) Altertax proceeds 5 Our new computer system cost us $114,400. 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 ond final answers to 2 decimal ploces. Omit $ sign in your response.) What will be the affer-tax proceeds from the sale assuming the asset pool temains open? Assume a 40% tax rate. (Omit $ sign in your response.) Altertax proceeds 5
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