Question: Our new computer system cost us $139,600, We will outgrow It In five years. When we sell It, we will probably get only 10% of
Our new computer system cost us $139,600, We will outgrow It In five years. When we sell It, we will probably get only 10% of the purchase price. CCA on the computer will be calculated at a 30% rate (Class 10).
Calculate CCA and UCC value for the first five years.
- CCA:$ UCC:$
2.CCA:$ UCC:$
3.CCA:$ UCC:$
4.CCA:$ UCC:$
5.CCA:$ UCC:$
Also calculate after tax proceeds if tax is 40%
After Tax proceeds: $
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