Question
Our new computer system cost us $100,000. We will outgrow it in five years. When we sell it, we will probably get only 20% of
Our new computer system cost us $100,000. 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. What will be the after-tax proceeds from the sale
assuming the asset class is continued? Assume a 40% tax rate.
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
