CTT Limited Has an Asset Which Cost $300 and Against

question 8

Multiple Choice

CTT Limited has an asset which cost $300 and against which depreciation of $100 has accumulated.The accumulated depreciation for tax purposes is $180 and the company tax rate is 30%.The tax base of this asset is:

• A)$120
• B)$220
• C)$80
• D)$20

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Definitions:

Anorexia Nervosa

An eating disorder characterized by an abnormally low body weight, an intense fear of gaining weight, and a distorted perception of body weight or shape.

Susto

A cultural illness primarily found in Latin America, characterized by severe anxiety, restlessness, and fear believed to be caused by a frightful event.

Insomnia Disorder

A chronic condition characterized by difficulty falling asleep, staying asleep, or experiencing restorative sleep, leading to significant distress or impairment in important areas of functioning.

Sleep Disruption

Interruptions in the normal sleep cycle, leading to poor sleep quality or sleep disorders.