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Brunch Ltd has a building which cost $475,000 and has an accumulated depreciation balance of $83,125. The accumulated depreciation for tax purposes is $66,500 and

Brunch Ltd has a building which cost $475,000 and has an accumulated depreciation balance of $83,125. The accumulated depreciation for tax purposes is $66,500 and the company tax rate is 30%. The tax base of this asset is:

Select one:

a.

$122,550

b.

$408,500

c.

$66,500

d.

$391,875

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