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%
-_________________________ is an account that appears on the statement of financial position indicating how much money is owed to the business by its regular business customers.

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%
-_________________________ is an account that appears on the statement of financial position indicating how much money is owed to the business by its regular business customers.

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%
-_________________________ is an account that appears on the statement of financial position indicating how much money is owed to the business by its regular business customers.

Cost of the Asset$100,000