Cost of the asset$100,000
Life of the asset 5 years
Depreciation rate20%
Capital cost allowance rate 50%
Residual value of the asset nil
Income tax rate 50%
-What term refers to funds provided in a business by its shareholders?
A) assets
B) equity
C) revenue
D) liabilities

Question

Cost of the asset$100,000 
Life of the asset 5 years 
Depreciation rate20% 
Capital cost allowance rate 50% 
Residual value of the asset nil 
Income tax rate 50%
-What term refers to funds provided in a business by its shareholders?
A) assets
B) equity
C) revenue
D) liabilities

Quizplus · Accepted Answer

Equity refers to the funds provided to a business by its shareholders, representing the owners' interest in the company.

Cost of the Asset$100,000