ABC Limited acquired an asset on 1 July 20X7 for $200 000. Accounting depreciation is...
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Accounting
ABC Limited acquired an asset on 1 July 20X7 for $200 000. Accounting depreciation is charged at the rate of 25% straight line. Tax depreciation is charged at the rate of 50% straight line. The asset has no residual value. At 30 June 20X8 the tax base of the asset is:
a.
$100 000
b.
$50 000
c.
$25 000
d.
$12 500
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