Page 54 - F1 Integrated Workbook STUDENT 2018
P. 54

Chaptter 2








                   Exxampple 8




                   An entity bougght an asset for $20,000 on 01//02/X0. The asset waas sold for
                   $500,000 on 211/11/X9.

                   Indeexation alloowance caan be claimmed at 30%% from Febbruary 20X00 to
                   Novvember 20X9.


                   Cappital gains are taxed at 30%.

                   What is the inndexationn allowancce the entiity can claaim on dissposal of tthe
                   assset?

                   Solution

                   Thee indexation allowancce can be cclaimed onn the cost oof the asseet =

                   $200,000 × 30%% = $6,0000













































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