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LaserMaster Inc., an Edmonton, Alberta-based CCPC laser-printing service company, had a sales revenue of $1, 565,000 during the current tax year (2016). The following represents
"LaserMaster Inc., an Edmonton, Alberta-based CCPC laser-printing service company, had a sales revenue of $1, 565,000 during the current tax year (2016). The following represents the other financial information relating to the tax year. (The printers had a combined UCC of $21,000 at the time of sale. Assume that the cost base for the printers was more than $24,000.) a) Determine the taxable (operating) income for the tax year. b) Using the taxable income calculated in part (a) of the question as the basis, determine the amount of income taxes on operating income. c) Determine the taxable gains for the tax year. d) Determine the disposal tax effect." "LaserMaster Inc., an Edmonton, Alberta-based CCPC laser-printing service company, had a sales revenue of $1, 565,000 during the current tax year (2016). The following represents the other financial information relating to the tax year. (The printers had a combined UCC of $21,000 at the time of sale. Assume that the cost base for the printers was more than $24,000.) a) Determine the taxable (operating) income for the tax year. b) Using the taxable income calculated in part (a) of the question as the basis, determine the amount of income taxes on operating income. c) Determine the taxable gains for the tax year. d) Determine the disposal tax effect
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