Question: Indicate, with a reason, whether the following amounts will qualify for a deduction under the general deduction formula in the hands of a close corporation

Indicate, with a reason, whether the following
Indicate, with a reason, whether the following amounts will qualify for a deduction under the general deduction formula in the hands of a close corporation which carries on a trade as a property dealer (1) Acquisition of fixed property (trading stock) (2) (11) Acquisition of a property to be used as offices for the corporation (2) (In) Interest on overdraft facility solely used to pay a dividend to its members (2) (Iv) Interest on overdraft facility to provide working capital for the business (2) (v) Salaries and wages paid to employees (2)

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