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4) Syncrude has purchased a machine lathe for $250,000. The machine is classified as Class 39 with a CCA of 30%. The firm uses the
4) Syncrude has purchased a machine lathe for $250,000. The machine is classified as Class 39 with a CCA of 30%. The firm uses the 50% rule. Syncrude pays a combined federal and provincial tax rate of 40% and the capital gains are taxed at 50% of the gain. If the machine is sold at the end of 3 years, compute: 1) the disposal tax effect (DTE or G); and the Net Salvage value (NSV) for each of the values below. (a) (b) (C) (d) $150,000 $104,125 $90,000 $300,000 4) Syncrude has purchased a machine lathe for $250,000. The machine is classified as Class 39 with a CCA of 30%. The firm uses the 50% rule. Syncrude pays a combined federal and provincial tax rate of 40% and the capital gains are taxed at 50% of the gain. If the machine is sold at the end of 3 years, compute: 1) the disposal tax effect (DTE or G); and the Net Salvage value (NSV) for each of the values below. (a) (b) (C) (d) $150,000 $104,125 $90,000 $300,000
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