Tax

This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.

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March 17, 2017 at 10:20 am #378541
firelion28
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$400,000. $500,000. $100,000

OK?

– that is exactly where I am having a problem, since impairment is allowable wont be deducted from the tax base and should the tax base not be 400,000
March 17, 2017 at 4:49 pm #378570
MikeLittle
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The tax base is the amount at which the asset is valued for tax purposes

In the scenario that you have given me, the amount allowable for tax is the full $500,000

OK?
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