Jenna acquired a capital asset in March 1994 for R130 000 and incurred additional expenditure of...
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Jenna acquired a capital asset in March 1994 for R130 000 and incurred additional expenditure of R10 000 during June 2006. During December 2017, she decided to dispose of the asset. She sold the capital asset for an amount of R340 000. Calculate the base cost of the asset using the time base cost method. apportionment A.R196 522 B.R186 522 C.R189 429 D.R199 429 Jenna acquired a capital asset in March 1994 for R130 000 and incurred additional expenditure of R10 000 during June 2006. During December 2017, she decided to dispose of the asset. She sold the capital asset for an amount of R340 000. Calculate the base cost of the asset using the time base cost method. apportionment A.R196 522 B.R186 522 C.R189 429 D.R199 429
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Calculation of Time based Appointment Cost is as follows Original Cost Sale ProceedsExpenditure incu... View the full answer
Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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