Cost of the asset$100,000
Life of the asset 5 years
Depreciation rate20%
Capital cost allowance rate 50%
Residual value of the asset nil
Income tax rate 50%
-There are two categories of assets in the statement of financial position, the current assets and the
_________________________ assets.

Question

Cost of the asset$100,000 
Life of the asset 5 years 
Depreciation rate20% 
Capital cost allowance rate 50% 
Residual value of the asset nil 
Income tax rate 50%
-There are two categories of assets in the statement of financial position, the current assets and the
 _________________________ assets.

Quizplus · Accepted Answer

The Answer of Cost of the asset$100,000 
Life of the asset 5 years 
Depreciation rate20% 
Capital cost allowance rate 50% 
Residual value of the asset nil 
Income tax rate 50%
-There are two categories of assets in the statement of financial position, the current assets and the
 _________________________ assets.

Cost of the Asset$100,000