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please help Claire Chen works for Gibson Catering in Alberta and is provided with a company owned automobile. The automobile was in Claire's possession for
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Claire Chen works for Gibson Catering in Alberta and is provided with a company owned automobile. The automobile was in Claire's possession for 365 days. Of the 46,629 kilometres driven, 24,143 kilometres were for business purposes. The purchase price of the vehicle was $28,760.00, excluding the GST calculated at 5%. Claire requested in writing that Gibson Catering use the optional operating cost method if all the conditions apply. She did not reimburse the company for any of the expenses associated with the automobile. Calculate the taxable incomeStep by Step Solution
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