Jean Brochet uses an automobile in his unincorporated business. It cost $53,000 in 2014, with maximum CCA
Fantastic news! We've Found the answer you've been seeking!
Question:
Jean Brochet uses an automobile in his unincorporated business. It cost $53,000 in 2014, with maximum CCA being deducted in that year. The purchase was financed with a bank loan of $37,000. For 2015, the interest on this loan was $4,440. The automobile is used exclusively for business purposes, with the 2015 operating costs totaling $7,500. In determining his 2015 business income, his maximum automobile related deduction will be what?
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0134141084
11th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
Posted Date: