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2. Rosa cancels her GST registration because her turnover no longer meets theregistration turnover threshold. At the time of the cancellation, Rosa has anasset on hand which she acquired for

$11 000 and for which she was entitled toan input tax credit of $1000. Rosa's deduction for the asset was reduced by$1000 on account of the input tax credit. The asset has been used wholly for a creditable purpose. Its GST inclusive market value on cancellation of registration is $6600. What is the deduction available?

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