Taxation

Logan Inc. is located in Ontario where a 13 percent HST is applicable. During the current year, the Company makes the following capital expenditures: Office Building (Including HST) $2,825,000 Equipment (Including HST) $904,000 The building will be used 40 percent to produce fully taxabie supplies and 60 percent for zero-rated supplies. The equipment will be used 35 percent for fully taxable supplies, 25 percent for zero-rated supplies, and 40 percent for exempt supplies. Required: Determine the total input tax credits that Logan Inc. can claim as a result of these capital expenditures. Place your final answers in the top of your