Solution for QID #20050: Seymour Inc. (SI) purchased land and buildings on January 1, | StudyHelpMe

Seymour Inc. (SI) purchased land and buildings on January 1, 2015. The cost allocated to the building was $350,000. SI is depreciating the building on a straight-line basis over its estimated useful life of 20 years using an estimated residual value of $0. SI claimed a deduction for CCA of $14,000 on its 2015 tax return; $13,400 on its 2016 tax return; and $12,900 on its 2017 tax return. SI's combined tax rate is 30%. What amount should SI record on its statement of financial position as at December 31, 2017, pertaining to the temporary difference on the building?