Question
1.Pathel Ltd. Is located in Alberta. All of its operations in that province. During its current quarter, Pathel Ltd purchased an office building for a
1.Pathel Ltd. Is located in Alberta. All of its operations in that province. During its current quarter, Pathel Ltd purchased an office building for a total of $3,797,933 before applicable sales tax. The company spends an additional $161,103, which includes sales tax, on office equipment. The building will be used 43% for fully taxable supplies and 29 for zero-rated supplies. The office equipment will be used 43% for fully taxable supplies and 29% for zero-rated supplies, as well. Determine the input tax credits that Pathel Ltd can claim for these capital expenditures.
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