PROBLEM 1(10 marks) Selocted intormation inm. ADDITIONAL INFORMATION: Bhojani Limited received $5,000 in interest from...
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PROBLEM marks Selocted intormation inm. ADDITIONAL INFORMATION: Bhojani Limited received $ in interest from foreign corporations was subject to withholding tax of $ of Bhojani Limited's taxable income is earned in Canada. The opening UCC balance of Class separate class was $ The opening UCC balance of the Class assets equipment was $ Due to a modemation plan, the company disposed of all of its Class assets for proceeds $ The net book value of these assets was $ and the capital cost of the assets was $ Bhojani Limited acquired another building for $ and placed it in a separate Class CCA rate Req: coliculate Net Income for tar purposes
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