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Question 14 0.08/0.08 points GEMTECH Ltd. is an engineering construction company. It purchased an excavator for $200,000 in 1999 and a bulldozer for $180,000 in
Question 14 0.08/0.08 points GEMTECH Ltd. is an engineering construction company. It purchased an excavator for $200,000 in 1999 and a bulldozer for $180,000 in 2000. The UCC computations for the changes in asset holdings due to the new purchases are as follows Adjustments to UCC from Base UCC purchases and amounts for Year 1999 2000 Remaining UCC $180,000 dispositions $200,000 CCA $100,000 CCA S20,000 How much tax savings could the GETECH Ltd, accumulate due to the CCA by the end of 2000 if the corporate tax rate is 50%? $54,000 $37,000 $20,000 $32,000 $28,000 Question 14 0.08/0.08 points GEMTECH Ltd. is an engineering construction company. It purchased an excavator for $200,000 in 1999 and a bulldozer for $180,000 in 2000. The UCC computations for the changes in asset holdings due to the new purchases are as follows Adjustments to UCC from Base UCC purchases and amounts for Year 1999 2000 Remaining UCC $180,000 dispositions $200,000 CCA $100,000 CCA S20,000 How much tax savings could the GETECH Ltd, accumulate due to the CCA by the end of 2000 if the corporate tax rate is 50%? $54,000 $37,000 $20,000 $32,000 $28,000
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