On November 22, 2020, Ms. Wilma Vander purchased an automobile to be used exclusively in her newly formed unincorporated business that commenced operations on June 18, 2020. The cost of the automobile was $45000, before GST and PST. It is a class 10.1 vehicle. In calculating her net business income for 2020, how much can Ms. Vander deduct with respect to this acquisition? Ignore GST and PST

On November 22, 2020, Ms. Wilma Vander purchased an automobile to be used exclusively in her newly formed unincorporated business that commenced operations on June 18, 2020. The cost of the automobile was $45000, before GST and PST. It is a class 10.1 vehicle. In calculating her net business income for 2020, how much can Ms. Vander deduct with respect to this acquisition? Ignore GST and PST

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter7: Deductions And Losses: Certain Business Expenses And Losses

Section: Chapter Questions

Problem 40P

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