Maxum Ltd. Is located in Alberta. All of its operations in that province. During its...
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Maxum Ltd. Is located in Alberta. All of its operations in that province. During its current quarter, Maxum Ltd purchased an office building for a total of $2,182,916 before applicable sales tax. The company spends an additional $36,522, which includes sales tax, on office equipment. The building will be used 47% for fully taxable supplies and 35 for zero-rated supplies. The office equipment will be used 47% for fully taxable supplies and 35% for zero-rated supplies, as well. Determine the input tax credits that Maxum Ltd can claim for these capital expenditures.
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