Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 09, 2024

The cost of the machine is $ 1 3 , 4 8 6 . The CCA rate is 2 3 % . After 1 0

The cost of the machine is $

13, 486 .

The CCA rate is

23 % .

After

10

years, the machine is sold for $

549 .

If it is the only asset in the asset class and the tax rate is

35 %,

what is the TRTL

? (

Assume

150 % -

rule; TRTL

=

Tax on Recapture or Terminal Loss, see slide

10

of CCA

)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

School Finance And Business Management Optimizing Fiscal Facility And Human Resources

Authors: Craig A. Schilling, Daniel R. Tomal

2nd Edition

1475844026, 978-1475844023

More Books

Students also viewed these Finance questions

Question

★★★★★

Table 30 shows the mean changes in weight (in pounds) by people who took part in one of four popular diets. Forty people were randomly assigned to each of the diets. The mean changes were found after...

Answered: 1 week ago

Question

★★★★★

Many of the former communist countries have changed their economic and political systems. Examples are the Russian Federation, the former Czechoslovakia, and the former East Germany. What cultural...

Answered: 1 week ago

Question

★★★★★

3. Students of all ages can keep records of grades, projects completed, and extra credits earned.

Answered: 1 week ago

Question

★★★★★

Use Worksheet 8.1. Rachel Ehrlich is a 72-year-old widow who has recently been diagnosed with Alzheimers disease. She has limited financial assets of her own and has been living with her daughter...

Answered: 1 week ago

Question

★★★★★

Which of the following will appear as a credit entry in a pre-adjustment trial balance of a sole trader? OA. Investment in shares OB. Sales returns OC. Interest on favourable bank balance O D....

Answered: 1 week ago

Question

★★★★★

Halifax Fitness Consulting completed the following petty cash transactions during February 2020: Required 1. Prepare a journal entry to record establishing the petty cash fund. 2. Prepare a summary...

Answered: 1 week ago

Question

★★★★★

The beta of Costcos stock is 0.77.The companys market value of equity is $24.9 billion, the value of its debt is $2.3 billion, and its tax rate is 35%.What is Costcos asset beta?

Answered: 1 week ago

Question

★★★★★

Final Exam 12. NuCo uses the periodic method and has the following account balances: Purchase Returns, $17,000; Beginning Inventory, $4,000; Purchases, $193,000; Freight-In, $11,000; and Accounts...

Answered: 1 week ago

Question

★★★★★

You have now worked with both CSV files and JSON files. Certainly JSON files are more versatile, as they can represent a wider variety of data than a simple spreadsheet can. But a lot of data in the...

Answered: 1 week ago

Question

★★★★★

Your company has a Microsoft 365 E5 subscription. You need to identify vulnerable certificates on the company's devices. Which Vulnerability Management feature in Microsoft Defender for Endpoint...

Answered: 1 week ago

Question

★★★★★

The gra a quadratic function with vertex (0, 1) is shown in the Find the unge and the domain. 10 8 -2 24 6 8.10 Write the range and domain using interval notation. (a) range: (0,0) [0,0] (0,0)

Answered: 1 week ago

Question

★★★★★

Consider the equation z16 (1+ 3i). Find the value of z which satisfies this equation and which has the second smallest positive argument 0,0 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

Understand the importance of having a department manager remain visible and available to the staff

Answered: 1 week ago

Question

★★★★★

Understand the department managers key role in employee retention

Answered: 1 week ago

Question

★★★★★

Understand the importance of a properly prepared position or job description

Answered: 1 week ago

Previous Question Next Question