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Investment tax credit?

Investment tax credit is allowed: a. When we purchase a new asset b. When we sell an old asset c. When we sell asset on a low price than book value c. When we sell asset on a high price than book value

Cash Flow Management Budgeting Financial Reporting Financial Accounting Financial Analysis
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Question added by Anayatullah Tahir , Finance Manager , Etqan Projects
Date Posted: 2014/04/06
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SREEDEVI SUNILKUMAR
by SREEDEVI SUNILKUMAR , Business finance officer , Emirates Airline

a. When we purchase a new asset 

Muhammad Zubair
by Muhammad Zubair , CFO / Chief Accountant , RH Group

It will definitely be on purchase of a new asset

Deleted user
by Deleted user

Ans..(a)

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

The Answer A

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