Question
DianeRoyworks forChapter LightinginNorthwest Territoriesand is provided with a company-owned automobile. The automobile was inDiane's possession for 365 days. Of the49,306kilometres driven,26,944kilometres were for business purposes.
DianeRoyworks forChapter LightinginNorthwest Territoriesand is provided with a company-owned automobile. The automobile was inDiane's possession for 365 days. Of the49,306kilometres driven,26,944kilometres were for business purposes. The purchase price of the vehicle was $25,680.00, excluding the GST calculated at5%.
Dianerequested in writing thatChapter Lightinguse the optional operating cost method if all the conditions apply. She did not reimburse the company for any of the expenses associated with the automobile.
CalculateDiane's annual automobile taxable benefit.
due soon!
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