Question
On June 21, 2019, Ms. Annie Rawlings purchased an automobile to be used exclusively in her unincorporated business. The cost of the automobile was $51000,
On June 21, 2019, Ms. Annie Rawlings purchased an automobile to be used exclusively in her unincorporated business. The cost of the automobile was $51000, before GST and PST. She finances a part of the purchase price and, as a consequence, has financing charges for the period June 21, 2019 to December 31, 2019 of $3290. Ms. Rawlings has decided not to deduct any CCA this year. Ignoring any deduction for CCA, how much other costs can Ms. Rawlings deduct in 2019 with respect to this vehicle acquisition?
Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response.
Your Answer:
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