A Piece of Equipment Is in Class 7 with a Maximum

question 172

Multiple Choice

A piece of equipment is in Class 7 with a maximum CCA rate of 15%.The income tax rate is 40%.The tax savings from the CCA tax shield on this equipment for the first year was $1,500.What must have been the original capital cost of the equipment?

• A) $3,750.
• B) $25,000.
• C) $33,333.
• D) $50,000.

Understand the concept of advertising appeals and their effectiveness (e.g., humor, fear, sex).

Analyze the role of celebrities in advertising.

Grasp the fundamentals of media selection decisions for advertising.

Comprehend measures of advertising effectiveness (reach, frequency, GRPs, CPM).

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Definitions:

Clermont

The name of the first successful steamboat, developed by Robert Fulton in 1807, which significantly advanced riverine transportation.

Memphis Belle

A famous American B-17 bomber that successfully completed 25 missions over Europe during World War II.

Railroad Tracks

Parallel steel rails on which trains run, forming the fundamental infrastructure for railway transportation.

New Jersey

A state located in the Northeastern and mid-Atlantic regions of the United States, known for its diverse population, industries, and being a pivotal site of revolutionary war battles.