Page 82 - FM Integrated WorkBook STUDENT 2018-19
P. 82
Chapter 4
Question 6
Tax-allowable depreciation
How would your answer to the previous question change if the sales proceeds
for the asset at the end of the project had been $15,000
tax rate 1 year in
30% arrears
First three years as before
––––––
tax WDV 10,546
t4 sales proceeds 15,000
balancing charge (4,454) (1,336) t5
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