A luxury automobile will be provided for her personal use, even though she will never require the car for business. The company will pay all of the operating costs—approximately $3,200 per year—as well as the monthly lease cost of $850. Lang will likely drive the car approximately 20,000 kilometres per year.

Prepare a brief report for Lang on the tax treatment for each of the items above.

Answer rating: 100% (QA)

Dear Lang I have reviewed the information regarding the luxury automobile that will be provided to y... View the full answer