Question
Colonial Limited has a machine which cost $300 000 and has been depreciated by $100 000 to date. The accumulated depreciation for tax purposes is
Colonial Limited has a machine which cost $300 000 and has been depreciated by $100 000 to date. The accumulated depreciation for tax purposes is $180 000 and the company tax rate is 30%. The tax base of this asset is:
Select one:
a.$60 000
b.$120 000
c.$54 000
d.$200 000
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Law, Business And Society
Authors: Tony McAdams, Kiren Dosanjh Zucker, Kristofer Neslund, Kari Smoker
12th Edition
1259721884, 978-1259721885
