Question: Our new computer system cost us $118,000. We will outgrow it in five years. When we sell it, we will probably get only 10% of

Our new computer system cost us $118,000. 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 the final answers to 2 decimal places. Omit $ sign in your response.)

FILL TABLE

YearCCAEnding UCC1$$2$$3$$4$$5$$

What will be the after-tax proceeds from the sale assuming the asset POOL is REMAINS? Assume a 40% tax rate. (Round the final answers to 2 decimal places. Omit $ sign in your response.)

After-tax proceeds:

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