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- Distinguish between "deferred tax liabilities" and "deferred tax assets".(Solved)
Distinguish between "deferred tax liabilities" and "deferred tax assets".
Date posted: February 8, 2019. Answers (1)
- Calculate The value of the assets: Assure Ltd. borrowed Sh 30 million to finance two capital projects "A" and "B" on 1 July 201 1. The money was utilized on the...(Solved)
Assure Ltd. borrowed Sh 30 million to finance two capital projects "A" and "B" on 1 July 201 1. The money was utilized on the two projects as follows:
Calculate The value of the assets in the books of Assure Ltd as at 30 June 2012
Date posted: February 8, 2019. Answers (1)
- Calculate Borrowing costs: Calculate Borrowing costs: Assure Ltd. borrowed Sh 30 million to finance two capital projects "A" and "B" on 1 July 201 1. The money was utilized on the...(Solved)
Assure Ltd. borrowed Sh 30 million to finance two capital projects "A" and "B" on 1 July 201 1. The money was utilized on the two projects as follows:
Calculate Borrowing costs to be capitalized for each of the projects as at 30 June 2012
Date posted: February 8, 2019. Answers (1)
- Calculate the Deferred tax account: Equip Agencies Ltd. purchased an equipment for Sh.4,000,000 on 1 July 2008. Depreciation on equipment is provided on a straight line basis at the rate...(Solved)
Equip Agencies Ltd. purchased an equipment for Sh.4,000,000 on 1 July 2008. Depreciation on equipment is provided on a straight line basis at the rate of 25% per annum.
During the four years from 1 July 2008 to 30 June 2012 the profit after tax and allowed
wear and tear charges for tax purpose were as follows:
Calculate the Deferred tax account
Date posted: February 8, 2019. Answers (1)
- Calculate the Temporary differences: Equip Agencies Ltd. purchased an equipment for Sh.4,000,000 on 1 July 2008. Depreciation on equipment is provided on a straight line basis at the rate...(Solved)
Equip Agencies Ltd. purchased an equipment for Sh.4,000,000 on 1 July 2008. Depreciation on equipment is provided on a straight line basis at the rate of 25% per annum.
During the four years from 1 July 2008 to 30 June 2012 the profit after tax and allowed
wear and tear charges for tax purpose were as follows:
Calculate the Temporary differences
Date posted: February 8, 2019. Answers (1)
- Calculate the Taxable profits: Equip Agencies Ltd. purchased an equipment for Sh.4,000,000 on 1 July 2008. Depreciation on equipment is provided on a straight line basis at the rate...(Solved)
Equip Agencies Ltd. purchased an equipment for Sh.4,000,000 on 1 July 2008. Depreciation on equipment is provided on a straight line basis at the rate of 25% per annum.
During the four years from 1 July 2008 to 30 June 2012 the profit after tax and allowed
wear and tear charges for tax purpose were as follows:
Calculate the Taxable profits
Date posted: February 8, 2019. Answers (1)
- Differentiate between “taxable temporary differences” and “deductible temporary differences”(Solved)
Differentiate between “taxable temporary differences” and “deductible temporary differences”
Date posted: February 8, 2019. Answers (1)
- In the context of international Accounting Standard (IAS) 39 “Financial instruments”.
Distinguish between a financial asset and financial liability(Solved)
In the context of international Accounting Standard (IAS) 39 “Financial instruments”.
Distinguish between a financial asset and financial liability
Date posted: February 8, 2019. Answers (1)
- Distinguish between a finance lease and an operating lease indicating how they should be treated in the financial statements as per International Accounting Standard (IAS)...(Solved)
Distinguish between a finance lease and an operating lease indicating how they should be treated in the financial statements as per International Accounting Standard (IAS) 17 “Leases”.
Date posted: February 8, 2019. Answers (1)