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 On October 1, 2020 the company sold
Opening UCC balances
Class 1 $330,000
Class 8 $56,000
Class 10.1 $21,000
Class 13 $45,000
Class 50 $260,000
On October 1, 2020 the company sold it's only office building for $730,603. The building had originally cost $1,013,150 in 1990.
The company replaced the office building with a new office building for $442,578.
Calculate the maximum impact on business income for all buildings.
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Financial Management Core Concepts
Authors: Raymond Brooks
3rd Edition
0133866742, 9780133866742
