CTV Limited Has an Asset Which Cost $400 and Against

question 4

Multiple Choice

CTV Limited has an asset which cost $400 and against which depreciation of $200 has accumulated. The accumulated depreciation for tax purposes is $280 and the company tax rate is 30%. The tax base of this asset is:

• A) $36.
• B) $320.
• C) $120.
• D) $80.

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Definitions:

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The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

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