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Hi, I am practicing exercises in revision kit, I realize that the tax effect on scrap value is ignored
I wonder it is a kind of taxable revenue, so it should be taxed and the effect must be considered in cash flows.
P/s: I did watch all of your lectures, I can’t recall if you explain this anywhere. Could you please explain this thing to me. Thank you so much!!!is it because when we calculate tax saving on capital allowance, we already deduct “scrap value” to find out the allowance balance?
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