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Below presented table shows purchases of new capital assets by a small business and formation of the Undepreciated Capital Cost (UCC) account If this business
Below presented table shows purchases of new capital assets by a small business and formation of the Undepreciated Capital Cost (UCC) account
If this business is subject to a 10% tax rate and it uses MARR of 8%, what is the present worth of the tax savings according to the Canadian Capita Cost Allowance System?
UCC Year Purchases of new capital assets CCA $1,700 $2,000 $300 1 $1,890 $1,000 $810 2 $1,467 $3,423 $3,000 3Step by Step Solution
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