The following facts relate to an employer provided automobile. View the information. Which one of the following amounts represents the employee's minimum standby charge in 2023? Round your answer to the nearest whole dollar. Information A. $9,600 ○ B. $720 Original cost of automobile, including HST $ 40,000 C. $960 OD. $640 FMV value of automobile at time of providing it to the employee $ CCA claimed by employer 30,000 $ 3,000 Personal use kilometres driven by employee in the year 2,000 km Total kilometres driven by employee in the year 30,000 km Number of months automobile was used by employee 12 - er

The following facts relate to an employer provided automobile. View the information. Which one of the following amounts represents the employee's minimum standby charge in 2023? Round your answer to the nearest whole dollar. Information A. $9,600 ○ B. $720 Original cost of automobile, including HST $ 40,000 C. $960 OD. $640 FMV value of automobile at time of providing it to the employee $ CCA claimed by employer 30,000 $ 3,000 Personal use kilometres driven by employee in the year 2,000 km Total kilometres driven by employee in the year 30,000 km Number of months automobile was used by employee 12 - er

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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