Nente co June 2012

This topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.

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August 24, 2017 at 6:39 am #403267
parisnaaa
Member
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Hi John. In b i, why tax allowable depreciation is not deducted in pbit of 1230k? What I did is,
Pbit 1230
-TAD 1206
Pbt 24
-Tax 4. 8
PAT 19.2
+TAD 1206
CF 1225.2
– NCA re invest 1010
FCF 215
Is this correct?
August 24, 2017 at 6:46 am #403270
John Moffat
Keymaster
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No it is not correct (the examiners answer is correct).

The question says that in arriving at the profit after tax that have already deducted TAD, and so you do not want to subtract it again!
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