Q.7 The balance sheet of a company at year end December 2001 reflects following status: Plant...
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Q.7 The balance sheet of a company at year end December 2001 reflects following status: Plant under installation Other assets Required: Loan Bank loan 18% Bank loan 20% Bank loan 22% Rs.000 2,000 8,000 10.000 2,000 2,500 1,500 6,000 4,000 10.000 Shareholders' equity All Loans were brought forward from the year 2000. Expenditure incurred on Plant under installation: May 1 2001 1,000 July 1 2001 700 November 1 2001 300 2,000 (1) Capitalization rate and total borrowing Cost (2) Cost of qualifying asset २८ Q.7 The balance sheet of a company at year end December 2001 reflects following status: Plant under installation Other assets Required: Loan Bank loan 18% Bank loan 20% Bank loan 22% Rs.000 2,000 8,000 10.000 2,000 2,500 1,500 6,000 4,000 10.000 Shareholders' equity All Loans were brought forward from the year 2000. Expenditure incurred on Plant under installation: May 1 2001 1,000 July 1 2001 700 November 1 2001 300 2,000 (1) Capitalization rate and total borrowing Cost (2) Cost of qualifying asset २८
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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