Use the Information Below to Answer the Following Questions:
the $2012 .$

question 17

Multiple Choice

Use the information below to answer the following questions:
The following information is taken from the accounts of Registration Ltd for year ended 31 December $2012 .$
$\begin{array}{lr} & \$ \\ \text { Accounts receivable, } 1 \text { January 2008 } & 95,000 \\ \text { Accounts receivable, } 31 \text { December 2008 } & 70,000 \\ \text { Allowance for doubtful debts, 1 January 2008 } & 13,000 \\ \text { Allowance for doubtful debts, 31 December 2008 } & 5000 \\ \text { Credit sales } & 300,000 \\ \text { Cash sales } & 160,000 \\ \text { Bad debts expense } & 12,000\end{array}$
-What was the amount of cash received from customers?

• A) $305 000
• B) $465 000
• C) $485 000
• D) none of the above.

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Definitions:

Depreciation Tax Shield

The reduction in taxable income that results from the allowance for depreciation expenses, lowering tax liability.

CCA Rate

Capital Cost Allowance rate, used for tax purposes to determine the yearly depreciation of tangible property.

Maintenance

The process of preserving or keeping equipment, systems, or facilities in effective operating condition through routine checks and repairs.

Range Cylinder

Refers to a component in hydraulic or pneumatic systems that determines the range of movement or force exerted by the system, often by specifying the maximum extendable length of the cylinder.