On November 22, 2020, Ms. Wilma Vander purchased an automobile to be used exclusively in her newly formed unincorporated business that commenced operations on June 18, 2020. The cost of the automobile was $45000, before GST and PST. It is a class 10.1 vehicle. In calculating her net business income for 2020, how much can Ms. Vander deduct with respect to this acquisition? Ignore GST and PST

On November 22, 2020, Ms. Wilma Vander purchased an automobile to be used exclusively in her newly formed unincorporated business that commenced operations on June 18, 2020. The cost of the automobile was $45000, before GST and PST. It is a class 10.1 vehicle. In calculating her net business income for 2020, how much can Ms. Vander deduct with respect to this acquisition? Ignore GST and PST

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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