Problem 2-30 CCA and UCC (LO5) Our new computer system cost us $128,800. 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 1 2 3 4 5 $ $ $ $ $ $ CCA Ending UCC $ $ $ $ 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 D

Problem 2-30 CCA and UCC (LO5) Our new computer system cost us $128,800. 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 1 2 3 4 5 $ $ $ $ $ $ CCA Ending UCC $ $ $ $ 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 D

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Problem 2-30 CCA and UCC (LOS) 5 Our new computer system cost us $146.800. We will outgrow it in fe years. When we sell it, we will probably get only purchase price. CCA on the computer will be usted at a 30% rate (Class 10 (Round your intermediate calculations and final answers to 2 de ped Calculate the CCA and UCC values for five years. S sign in your response) Tear 1 2 $ $ $ $ 8 OCA Ending DCC $ S $ $ $ What will be the after-tax proceeds from the sale assuming the asset pool remains open? Assume a 40% tax response.) After-tax proceeds
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Problem 8-33 Equivalent Annual Annuity (LO5) A firm can lease a truck for 4 years at a cost of $47,000 annually. It can instead buy a truck at a cost of $97,000, with annual maintenance expenses of $27,000. The truck will be sold at the end of 4 years for $37.000. a. What is the equivalent annual cost of buying and maintaining the truck if the discount rate is 10% ? (Do not round intermedi calculations. Round your answer to 2 decimal places.) Equivalent annual cost
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Problem 8-1 Calculating Future Value [LO8-1] Krista Lee can purchase a service contract for all of her major appliances for $190 a year. If the appliances are expected to last for 16 years and she earns 6 percent on her savings, what would be the future value of the amount Krista will pay for the service contract? (Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, Exhibit 1-D) Note: Use appropriate factor(s) from the tables provided. Round time value factor to 3 decimal places and final answer to 2 decimal places. Future value