Question
Opening UCC balances Class 1 $330,000 Class 8 $56,000 Class 10.1 $21,000 Class 13 $45,000 Class 50 $260,000 The company sold an automobile for $17,544.
Opening UCC balances
Class 1 $330,000
Class 8 $56,000
Class 10.1 $21,000
Class 13 $45,000
Class 50 $260,000
The company sold an automobile for $17,544. The auto had been purchased for the sales force two years prior for $45,781.
Calculate the maximum impact on business income from automobiles. Ignore HST implications.
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Foundations Of Financial Management
Authors: Stanley B Block, Geoffrey A Hirt
12th Edition
0073295817, 9780073295817
