Sirius Ltd. purchased a piece of equipment at the very beginning of the 1999 fiscal year. The UCC amounts for this equipment are as follows: What was the present worth at the beginning of fiscal 1999 of the company's savings due to CCA over the two-year period if the corporate tax rate was 25% and the interest rate was 10%?

Question

Sirius Ltd. purchased a piece of equipment at the very beginning of the 1999 fiscal year. The UCC amounts for this equipment are as follows:  What was the present worth at the beginning of fiscal 1999 of the company's savings due to CCA over the two-year period if the corporate tax rate was 25% and the interest rate was 10%?

Quizplus · Accepted Answer

The Answer of Sirius Ltd. purchased a piece of equipment at the very beginning of the 1999 fiscal year. The UCC amounts for this equipment are as follows:  What was the present worth at the beginning of fiscal 1999 of the company's savings due to CCA over the two-year period if the corporate tax rate was 25% and the interest rate was 10%?