Question
Pathel Ltd. Is located in Alberta. All of its operations in that province. During its current quarter, Pathel Ltd purchased an office building for a
Pathel Ltd. Is located in Alberta. All of its operations in that province. During its current quarter, Pathel Ltd purchased an office building for a total of $1,694,222 before applicable sales tax. The company spends an additional $128,597, which includes sales tax, on office equipment. The building will be used 47% for fully taxable supplies and 31 for zero-rated supplies. The office equipment will be used 47% for fully taxable supplies and 31% for zero-rated supplies, as well. Determine the input tax credits that Pathel Ltd can claim for these capital expenditures.
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