Question
YZ, incorporated in Country X, purchased a non-depreciable asset for $45,000 on 1 January 2005. YZ incurred additional purchase costs of $5,000. The asset was
YZ, incorporated in Country X, purchased a non-depreciable asset for $45,000 on 1 January 2005. YZ incurred additional purchase costs of $5,000.
The asset was eventually sold for $110,000 on 31 December 2013.
The indexation factor from 1 January 2005 to 31 December 2013 was 35%.
The capital gains tax that YZ is due to pay on the disposal of the asset is:
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Statistics For Business And Economics
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
11th Edition
978-0324783254, 324783256, 978-0324783247, 324783248, 978-0538481649
