The cost of an item of property, plant and equipment comprises purchase price, including import duties and

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The cost of an item of property, plant and equipment comprises purchase price, including import duties and nonrefundable purchase taxes, and

A. The implied interest on the debt to finance the purchase.

B. The market value of any noncash asset surrendered to acquire the asset

C. Thee stimated residual value of the asset

D. All directly attributable costs necessary to bring the asset to working condition for its intended use.

Related Book For answer-question

Introduction To Federal Income Taxation In Canada

ISBN: 9781554965021

33rd Edition

Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett

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Posted Date: Dec 28, 2022 04:44 AM

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Introduction To Federal Income Taxation In Canada

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