Question: Please don't solve by EXCEL. Please do calculate with formula. The cost of the machine is $13701. The CCA rate is 25%. After 9 years,

Please don't solve by EXCEL. Please do calculate with formula.
The cost of the machine is $13701. The CCA rate is 25%. After 9 years, the machine is sold for $1,083 which is less than the UCC of the asset class. If there are other assets in the asset class, the discount rate is 10% and the tax rate is 25%, what is the present value of the CCA tax shield of this machine
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