Kappa Limited paid $10,000 to purchase computer applications software (before applying HST) on January 31, 2011. Kappa
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Question:
Kappa Limited paid $10,000 to purchase computer applications software (before applying HST) on January 31, 2011. Kappa Limited has a December 31 year-end. What is the maximum tax deduction that Kappa Limited can claim in respect of the above expenditure for its taxation year ended December 31, 2011, assuming that Kappa is registered to collect and remit HST?
a. $5,000
b. $2,000
c. $525
d. $10,000
Related Book For
Probability & Statistics for Engineers & Scientists
ISBN: 978-0130415295
7th Edition
Authors: Ronald E. Walpole, Raymond H. Myers, Sharon L. Myers, Keying
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