Researchit inc has current sramped expenditures of 500000, Accounting Basics

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Researchit inc has current sramped expenditures of 500000

Problem: Investment Tax Credit - Researchit Inc.

Researchit Inc. has current SR&ED expenditures of $500,000 and capital SR&ED expenditures of $350,000. Researchit Inc. is a CCPC whose taxable income for the current and preceding tax years is nil.

Required:

Determine the investment tax credits for Researchit Inc.

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Accounting Basics: Researchit inc has current sramped expenditures of 500000

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Accounting Basics: Researchit inc has current sramped expenditures of 500000

Reference No:- TGS01099172

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