At December 31, 2012, the Following Data Were Available for a Building

question 96

Essay

At December 31, 2012, the following data were available for a building owned by Omega Company:
A small room was built on the back of the building at a cost of $45,000. The room was completed on June 30, 2013 and was used as office space commencing July 2, 2013. The company uses straight-line depreciation, and accounts for partial years using the number of months the asset is available for use.
Required:
How much is the impact of this expenditure on income before taxes for 2013?

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Definitions:

Labour Market

The supply and demand for labor, where employees provide the supply and employers create the demand.

External Workforce Profile

A detailed analysis of the demographic, skills, and other relevant characteristics of an organization's external labor pool, often used for strategic planning.

Employment Equity Planning

Strategies and actions to ensure fairness and equal opportunities in the workplace, particularly for marginalized groups.

Employment Barriers

Factors that prevent or hinder individuals from gaining employment, such as discrimination, lack of experience, or educational requirements.