Multiple Choice
A firm has recently purchased Class 10 equipment for $100,000 with a CCA rate of 30%. Under the half-year rule, what is the amount of depreciation that the firm can claim as a tax-deductible expense in the second year?
A) $30,000
B) $15,000
C) $42,000
D) $25,500
E) $45,000
Correct Answer:
Verified
Correct Answer:
Verified
Q289: _ refers to the cash flow from
Q290: A statement of comprehensive income _.<br>A) Measures
Q291: Net capital spending:<br>A) Is negative if the
Q292: A Manitoba resident earned $40,000 in
Q293: A computer used in a business office
Q295: Capital cost allowance (CCA) is best described
Q296: A Quebec resident earned $40,000 in
Q297: Which one of the following statements concerning
Q298: ABC Corporation reported retained earnings of $400
Q299: The rationale for examining financial statements is