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Westdale Burgers purchased a van for $19000 which is subject to a CCA rate of 20%. The company pays a corporate tax rate of 30%.
Westdale Burgers purchased a van for $19000 which is subject to a CCA rate of 20%. The company pays a corporate tax rate of 30%. The van is sold for $16000 at the end of the second year. What is the CCA Recapture amount due to the sale of the van? (hint this would be the gain on the sale of the van)
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
