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Hello Mr. Ken,
There is an adjustment in the calculation of NOPAT that i do not understand. I am referring to the question on Cantor June 2014 Number 1(iii). I do not understand the reasoning behind the tax relief on interest. Can you explain this to me please. Thank you in advance.Yes that’s a past exam question June 2006 Number 4 Prochain. I don’t have the answer unfortunately. So the apartments are items of PPE? Thank you so much for all the clarification. I thought that since these famous people were under a contract of employment, they are therefore considered as employees.
It’s about an entity which owns apartments which it leases to famous people under a contract of employment to promote its fashion clothing.Apartments let at below market rate. Lease terms are six months. Leases terminate when contracts terminate.
How should i account for that in the financial statements of the entity?
Thank you.