A piece of equipment, acquired in Year 1, belongs to Class 7 with a maximum CCA rate of 15%. The income tax rate is 40%. The tax savings (before discounting) from the CCA tax shield were $2,830.50 for Year 3. The after-tax cost of capital is 10%.
-What is the approximate undepreciated capital cost (UCC)balance for the equipment at the beginning of Year 3?

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The Answer of A piece of equipment, acquired in Year 1, belongs to Class 7 with a maximum CCA rate of 15%. The income tax rate is 40%. The tax savings (before discounting) from the CCA tax shield were $2,830.50 for Year 3. The after-tax cost of capital is 10%.
-What is the approximate undepreciated capital cost (UCC)balance for the equipment at the beginning of Year 3?

A Piece of Equipment, Acquired in Year 1, Belongs to Class