TaxForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › TaxThis topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts March 17, 2017 at 10:20 am #378541 firelion28MemberTopics: 159Replies: 83☆☆☆$400,000. $500,000. $100,000OK?– that is exactly where I am having a problem, since impairment is allowable wont be deducted from the tax base and should the tax base not be 400,000 March 17, 2017 at 4:49 pm #378570 MikeLittleKeymasterTopics: 27Replies: 23327☆☆☆☆☆The tax base is the amount at which the asset is valued for tax purposesIn the scenario that you have given me, the amount allowable for tax is the full $500,000OK?AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)The topic ‘Tax’ is closed to new replies.