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Hello Sir,
(2) On 1 October 2012 an office building owned by Problematic Ltd was damaged by a fire. The indexed cost of the office building on that date was £169,000. The company received insurance proceeds of £36,000 on 10 October 2012,and spent a total of £41,000 during October 2012 on restoring the office building. Problematic Ltd has made a claim to defer the gain arising from the receipt of the insurance proceeds. The office building has never been used for business purposes.
What will be the base cost ?
ThanksI think you have already asked this question and I have already answered it back in September!!!!
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