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You own some equipment which you purchased three years ago at a cost of exist135,001. The equipment belongs in a 25% CCA class, and you
You own some equipment which you purchased three years ago at a cost of exist135,001. The equipment belongs in a 25% CCA class, and you do not have any other assets in this class. You are considering selling the equipment today for exist82, 501. Which one of the following statements is correct if your tax rate is 34%? The tax due on the sale is exist5.458.59. The book value today is exist8.478. The book value today is exist64, 320. The taxable amount on the sale is exist38.880. You will receive a tax refund of exist13.219.20 as a result of this sale
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