Calculate ucc at the end of 4-years

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A proposed cost-saving device has an installed cost of $120,500. Its CCA rate is 20percent. It will function for 4-years, at which time it will have no value.

a. Calculate UCC at the end of 4-years.

b. What are the tax implications when the asset is sold?Explain and state any assumptions you make.

Reference no: EM132528415

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