Lise Roy works for Fashion Productions in Northwest Territories and is provided with a company-owned automobile. The aut
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Lise Roy works for Fashion Productions in Northwest Territories and is provided with a company-owned automobile. The aut
company-owned automobile. The automobile was in Lise's possession for 365 days. Of the 44,972 kilometres driven, 23,212 kilometres were for business purposes. The purchase price of the vehicle was $22,360.00, excluding the GST calculated at 5%. Lise requested in writing that Fashion Productions use the optional operating cost method if all the conditions apply. She did not reimburse the company for any of the expenses associated with the automobile. Calculate Lise's annual automobile taxable benefit.
Lise Roy works for Fashion Productions in Northwest Territories and is provided with a