Question: Problem 2-30 CCA and UCC (LO5) Our new computer system cost us ( $ 128,800 ). We will outgrow it in flve years. When we

Problem 2-30 CCA and UCC (LO5) Our new computer system cost us \\( \\$ 128,800 \\). We will outgrow it in flve 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 and final answers to 2 decimal places. Omit \\( \\$ \\) sign in your response.) What will be the after-tax proceeds from the sale assuming the asse? pool remains open? Assume a \40 tax rate: (Omit \\( \\$ \\) sign in your response.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
