Question
A company has purchased an equipment costing $93,300.The equipment has a three-year useful life with a salvage value of $37,700.CCA will be taken using a
A company has purchased an equipment costing $93,300.The equipment has a three-year useful life with a salvage value of $37,700.CCA will be taken using a rate of 30%.The tax rate is 32.00%, while the discount rate is 10.50%.Assuming the company takes all available CCA every year, what will be the amount of CCA taken on this equipment in year 3?
$14,989
$15,405
$15,821
$16,238
$16,654
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International Financial Reporting Standards An Introduction
Authors: Belverd E. Needles, Marian Powers
3rd Edition
1133187943, 978-1133187943
