Question 21

Country ZZ allows the cost of a capital asset to be adjusted for an indexation allowance which takes into consideration the effect of inflation, although the indexation allowance cannot convert a chargeable gain into a chargeable loss.
The following data relates to the sale of an asset during the year ended 31 March 20X4:

Calculate the chargeable gain or loss in respect of the sale of this asset.
Give your answer to the nearest $.

Question 22

BBB has been experiencing liquidity problems and currently has an overdraft with the bank.
Which THREE of the following would be appropriate measures to help address this problem?
  • Question 23

    DE purchased an asset on 1 January 20X1 for $60,000 with a useful economic life of six years and a residual value of $3,000.
    DE uses straight line depreciation for this asset.
    On 31 December 20X3 the asset has a value in use of $ $28,000 and a fair value of $26,000.
    Which of the following values should be used for the asset in DE's statement of financial position as at
    31 December 20X3?
  • Question 24

    Which of the following is a type of short-term finance?
  • Question 25

    Which of the following is the main purpose of corporate governance regulation?