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%
-Who prepares the auditors' report?

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%
-Who prepares the auditors' report?

Quizplus · Accepted Answer

An independent accounting firm prepares the auditors' report to ensure an unbiased and objective examination of the company's financial statements.

Cost of the Asset$100,000