Describe the possible ramifications of purchasing new depreciable property on the last day of the current taxation

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Describe the possible ramifications of purchasing new depreciable property on the last day of the current taxation year as opposed to the first day of the next taxation year (that is, one day later).

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Canadian Income Taxation Planning And Decision Making

ISBN: 9781259094330

17th Edition 2014-2015 Version

Authors: Joan Kitunen, William Buckwold

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Question Posted: Dec 19, 2015 04:06 AM

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Describe the possible ramifications of purchasing new depreciable property on the last day of the current taxation

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The timing of a purchase may affect the recognition of both terminal losses and ...View the full answer

Canadian Income Taxation Planning And Decision Making

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