Perfect Accruals Inc., purchased an asset five years ago for a cost of $950,000. The asset has a CCA rate of 30%. The company is selling this asset for 20% of its original cost. By what amount should the UCC in the asset class be reduced by? Show all calculation and formulas if necessary: Multiple Choice $190,000 $285,000 $83,092 $200,000 $193,881
Perfect Accruals Inc., purchased an asset five years ago for a cost of $950,000. The asset has a CCA rate of 30%. The company is selling this asset for 20% of its original cost. By what amount should the UCC in the asset class be reduced by? Show all calculation and formulas if necessary: Multiple Choice $190,000 $285,000 $83,092 $200,000 $193,881
Chapter9: Capital Budgeting And Cash Flow Analysis
Section: Chapter Questions
Problem 14P
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Perfect Accruals Inc., purchased an asset five years ago for a cost of $950,000. The asset has a CCA rate of 30%. The company is selling this asset for 20% of its original cost. By what amount should the UCC in the asset class be reduced by?
Show all calculation and formulas if necessary:
Multiple Choice
-
$190,000
-
$285,000
-
$83,092
-
$200,000
-
$193,881
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