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:

Social Performance

The measure of an organization's or individual's ability to manage social responsibilities and impacts.

Stakeholder Responsibility

The obligation of an organization to consider the impacts of its decisions and activities on all its stakeholders.

Obstructionist Strategy

A business strategy where a company takes active steps to block or derail certain actions or initiatives, often for competitive or ethical reasons.

Corporate Social Responsibility

A business model that involves companies integrating social and environmental concerns in their operations and interactions with their stakeholders.