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plz tell me why the examiner has not included the tax relief on the issue cost of debt in the calculation of apv?
past paper question:
dec 2010 Q2(a)Issue costs are not normally deductible for tax purposes. I think the examiner is simply following the real world treatment.
but kaplan text has included the text relief on issue cost as part of apv……….i m curious which one is appropriate…….as my mind says that it should b included in apv as its relevant for apv……please expalin
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