CIMA Related Exams
F1 Exam
AB sells to ST, a group entity, 10,000 units at $2.50 each. The market value was $6 each.
The effect on AB of the transfer pricing legislation on this transaction would be to: .

KL has S90.000 of plant and machinery which was acquired on 1 June 20X4. Tax depreciation rates on plant and machinery are 20% reducing balance. All plant and machinery was sold for 560,000 on 1 June 20X6
Calculate the tax balancing allowance or charge on disposal tor the year ended 31 May 20X7 and state the effect on the taxable profit.