On November 12, 2020, Ms. Wilma Vander purchased an automobile to be used exclusively in her newly formed unincorporated business that commenced operations on June
On November 12, 2020, Ms. Wilma Vander purchased an automobile to be used exclusively in her newly formed unincorporated business that commenced operations on June 30, 2020. The cost of the automobile was $75000, before GST and PST. It is a class 10.1 vehicle. In calculating her net business income for 2020, how much can Ms. Vander deduct with respect to this acquisition? Ignore GST and PST considerations. Her year end is December 31, 2020.
Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response.
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Authors: William R Kinney
1st Edition
0256221618, 9780256221619
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