Our new computer system cost us $110,000. We will outgrow it in five years. When we sell it, we will probably get only 2

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Our New Computer System Cost Us 110 000 We Will Outgrow It In Five Years When We Sell It We Will Probably Get Only 2 1 (30.3 KiB) Viewed 28 times

Our new computer system cost us $110,000. We will outgrow it in five years. When we sell it, we will probably get only 20% 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.) CCA Ending UCC Year 1 $ 16,500.00 $ 38,500.00 ✓ 2 $ 28,050.00 ♥ $ 65,450.00 3 $ 19,635.00 $ 45,815.00 ✓ 4 $ 13,744.50 $ 32,070.50 5 $9,621.15 ♥ $ 22,449.35 x What will be the after-tax proceeds from the sale assuming the asset class is continued? Assume a 40% tax rate. After-tax proceeds $ 22,180