Question
During the 12-month period ended December 31, 2019 ABC Co. purchased a $40,000 (including tax of HST of 13%) passenger vehicle for use by its
During the 12-month period ended December 31, 2019 ABC Co. purchased a $40,000 (including tax of HST of 13%) passenger vehicle for use by its salesperson in conducting his employment. What is the maximum capital cost allowance that ABC Co. can claim for 2019, assuming that the company is a HST registrant (i.e., the company remits HST)?
(a)$13,500
(b)$10,170
(c)$4,500
(d)$15,255
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne M. Mowen
5th Edition
0324233108, 978-0324233100
