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Author Question: What would be most likely to occur in the year when companies have to depreciate equipment ... (Read 63 times)

Dannyrod2

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on: Aug 7, 2023

Question 1

What is the tax liability for a small Canadian-controlled private corporation (CCPC) located in British Columbia having earnings before taxes (EBT) of $590,000? The relevant combined federal and provincial corporate income tax rate is 13% for taxable income up to $500,000 and 27% for the amount exceeding $500,000.

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$89,300


◦

$90,700


◦

$91,250


◦

$92,060



Question 2

What would be most likely to occur in the year when companies have to depreciate equipment overshorterlives? Assume for this question that sales, other operating costs, and tax rates are not affected, and the same depreciation method is used for tax and shareholder reporting purposes.

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Companies’ NOPAT would increase.


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Companies’ cash positions would increase.


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Companies’ cash flows would decrease.


◦

Companies’ reported net income would increase.

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by Dannyrod2 on Aug 7, 2023

jacquelyngibson

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Dannyrod2

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review

Mochi

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Reply 3 on: Yesterday
Gracias!

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