Question: Questions before Workshop Question 1 Refer to the link below. Bad debts s 25-35 In your own words, describe a bad debt for taxation purposes.

Questions before Workshop Question 1 Refer to the link below. Bad debts s 25-35 In your own words, describe a bad debt for taxation purposes. Provide your own example. Question 2 What is a loss for taxation purposes according to Division 36 of the ITAA (1997). Question 3 What is a depreciating asset? Provide examples. What do we mean by the term effective life? Question 4 What is trading stock? How is trading stock dealt with for tax purposes

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