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What the tax base of the asset is

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Question 1: Brunch Ltd has a building which cost $475,000 and has an accumulated depreciation balance of $83,125. The accumulated depreciation for tax purposes is $66,500 and the company tax rate is 30%. The tax base of this asset is:

Select one:

a. $408,500

b. $122,550

c. $66,500

d. $391,875

Reference no: EM132858890

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