An industrial corporation bought a manufacturing facility 3 years ago for $5,000,000. Due to the strategic location
Fantastic news! We've Found the answer you've been seeking!
Question:
An industrial corporation bought a manufacturing facility 3 years ago for $5,000,000. Due to the strategic location of the facility, the company decided to sell the facility now for $6,500,000.
Assume CCA rate is 15% (and Declining Balance method for tax depreciation by default) and an effective tax rate of 35%. What is the disposal tax effect of this asset?
Related Book For
Posted Date: