[cueisheng]

so actually what does the question means for the specific allowance?
“Legion has calculated that it requires a specific allowance of $2 million against loans in its portfolio. Tax relief is available when the specific loan is written off.”

how much is the carrying amount for the loan and how much is the tax base?

[cueisheng]

for the provision of damage do I need to unwind the discount for every year passed?
and what is the charge for provision of damage for the second year

[cueisheng]

what i mean is if i am calculating npv for a new machine, i will have to invest in working capital in the first year isn’t it?so what if i will replace the machine in future?do i still need to take into account of working capital recovery as i did invest in working capital in the beginning of the period.

[cueisheng]

since this is replacement of machine,how about the npv for first machine?should i recover back the working capital?(as there is an investment of working capital,non recovery will bring disadvantage for the npv for first machine)

[cueisheng]

So the answer is still voidable right?(for those contracts other than the exceptions)

[cueisheng]

there is a question asking if a enters into a partnership agreement with b,a minor,which of the following describes the agreement?
i choose its is void but the answer provided is voidable by b.could you explain why?

[Author]

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