John is considering buying a equipment for his business. The cost is $60,000 He currently has $8,000
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John is considering buying a equipment for his business. The cost is $60,000 He currently has $8,000 in funds and will therefore need to borrow to balance of the $52,000 from his bank. The bank will charge him interest at 8%. He accuried the machine on 1 jan 2021
Assume he can calin the capital allowance under 19A
Calculate the tax deduction available to Mohamed Akhtar on this transaction for the YA 2022
Related Book For
Principles Of Managerial Finance Brief
ISBN: 9781292267142
8th Global Edition
Authors: Chad J. Zutter, Scott B. Smart
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