Question
In the narrative, Jim ended year 2 with $54,000 in his UCC account. In year 3, he will be able to claim $10,800 in CCA
In the narrative, Jim ended year 2 with $54,000 in his UCC account. In year 3, he will be able to claim $10,800 in CCA for the year. The ending balance for last year, and therefore this year's starting balance in the deferred taxes account is $3,150. The amortization for this year will be $6,000 again. The corporate tax rate is still 35%. What are the deferred taxes for the year?
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Calculus Early Transcendentals
Authors: James Stewart
7th edition
538497904, 978-0538497909
