Question
The following facts relate to an employer provided automobile Original cost of automobile, included HST of $4,602 $40,000 Replacement value of car at time of
The following facts relate to an employer provided automobile
Original cost of automobile, included HST of $4,602 $40,000
Replacement value of car at time of providing it to employee $30,000
Capital cost allowance claimed by employer $3,000
Personal use kilometers driven by employee during the year 2,000 KM
Total Kilometers driven by employee during the year 30,000 KM
Number of months automobile was made available to employee 12
Required
Calculate employees minimum stand by charge for the year 2010
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Effective Internal Auditing
Authors: Manuel E. Peña-Rodríguez
1st Edition
1736742922, 978-1736742921
