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A company has bought an equipment that has cost them $81,300. The equipment has a 3 year useful life with a salvage value of $32,900.
A company has bought an equipment that has cost them $81,300. The equipment has a 3 year useful life with a salvage value of $32,900. CCA has a rate of 30%. The tax rate is 28%, and the discount rate is 8.50%. Say the company takes all available CCA every year and there will be some assets remaining in the CCA class after this equipment is sold in the third year. What will be the amount of this equipment's UCC remaining in the class immediately after it is sold for its expected salvage value at the end of year 3? $913 $937 $961 $985 $1,010
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