Country : Australia
Assignment Task

Home Work: 
Instruction: Please do research from textbook& internetand then explain the following exercises in your own opinion and understanding, also make sure to input references as well.

Exercise 1:
Zeta recently purchased a milk bar business. Can she claim a deduction under s40-880 ITAA97 for the amount paid under the contract to acquire the goodwill of the business?
Exercise 2:

What is the aim of the consolidation cost setting rules? Identify the main consequences that flow if a group of entities consolidate.

Exercise 3:

Explain how the pooling rules for low cost and low-value assets in Sub-div 40-E ITAA97 operate. What assets cannot be allocated to a pool under Sub-div 40-E? What is the reason for this?

 

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  • Posted on : October 08th, 2018
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