A company resident in Jamaica purchased the following assets in 2021: Asset Cost $ Honda Motor car purchased in March 2020 38,000 Heavy Equipment 50,000 Computer (CPU) 4,000 Factory Buildings 72,000 (a) What would be the difference in capital allowances for 2022 if this company were resident in Trinidad and Tobago instead of Jamaica for tax purposes.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A company resident in Jamaica purchased the following assets in 2021:

Asset Cost $

Honda Motor car purchased in March 2020 38,000

Heavy Equipment 50,000

Computer (CPU) 4,000

Factory Buildings 72,000

(a) What would be the difference in capital allowances for 2022 if this company were resident in Trinidad and Tobago instead of Jamaica for tax purposes.

 

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