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investment property income

This topic has 1 reply, 2 voices, and was last updated 1 year ago by P2-D2.

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April 28, 2021 at 7:13 pm #619106
thapa7
Member
- Topics: 5
- Replies: 6
hello sir
in bbp september 2020 to june2021 practise kit, question number 296 , in investment property income , the book answer is (60000-20000) . what is that 20000 ? why have they deducted it from 60000?
thankyou in advance
April 29, 2021 at 9:01 pm #619225
P2-D2
Keymaster
- Topics: 4
- Replies: 6473
Is that not the original value of the IP and if it is now worth 60,000 then the increase in value is the 40,000 (i.e. 60,000 – 20,000).
Thanks
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