Below presented table shows purchases of new capital assets by a small business and formation of the
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Question:
Below presented table shows purchases of new capital assets by a small business and formation of the Undepreciated Capital Cost (UCC) account
Year | Purchases of new capital assets | CCA | UCC |
1 | $2,000 | $300 | $1,700 |
2 | $1,000 | $810 | $1,890 |
3 | $3,000 | $1500 | $3400 |
If this business is subject to a 10% tax rate and it uses MARR of 8%, what is the present worth of the tax savings according to the Canadian Capita Cost Allowance System?
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