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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Colvin co. Sep/ Dec 2020 sample
Hi John,
The land and building is increasing by 30%, why arent we adding this to the operating cash flows to find the taxable profit since this is appreciation?
The question says that it is tax exempt 🙂
if the question didnt say that, we would add it right? to find the taxable profits
No, you would calculate the balancing charge or allowance in the final year by taking the difference between the sale proceeds and the tax written down value (as we did in Paper FM, was F9).