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Our new computer system cost us $110,800. We will outgrow it in five 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.) Year 2 $ 3 $ CCA Feting $ $ What will be the after-tax proceeds from the sale assuming the asset pool remains open? Assume a 40% tax rate (Omit $ sign in your response) After-tax proceeds $ 1080

Our new computer system cost us $110,800. We will outgrow it in five 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.) Year 2 $ 3 $ CCA Feting $ $ What will be the after-tax proceeds from the sale assuming the asset pool remains open? Assume a 40% tax rate (Omit $ sign in your response) After-tax proceeds $ 1080

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Our new computer system cost us $110,800. We will outgrow it in five 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.) Year 2 $ 3 $ CCA Feting $ $ What will be the after-tax proceeds from the sale assuming the asset pool remains open? Assume a 40% tax rate (Omit $ sign in your response) After-tax proceeds $ 1080
Transcribed Image Text:Our new computer system cost us $110,800. We will outgrow it in five 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.) Year 2 $ 3 $ CCA Feting $ $ What will be the after-tax proceeds from the sale assuming the asset pool remains open? Assume a 40% tax rate (Omit $ sign in your response) After-tax proceeds $ 1080
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