Build a new production plant factory

Assignment Help Taxation
Reference no: EM13343419

Question:

Concrete & Transport Limited carries on business as a manufacturer and supplier of concrete and concrete products. It also operates a railway to transport material and products to and from port facilities. The railway is functional but 33 years old. Some sleepers need replacement and some rails are rusted. The company's electrical equipment is in good condition. As business is booming the company decides to expand its production and resolves to do the following:

(i) Repair a leaking roof in an old building, replace some old dangerous awnings and paint all existing buildings to prevent further damage to timber;

(ii) Build a new production plant factory at the rear of the present buildings;

(iii) Either to make necessary repairs to the existing railway and extend it to the new buildings, or to scrap the old one and start again;

(iv) Buy some additional rundown locomotives and after repairs to use the locomotives on its railway to transport materials;

(v) Mechanise fully by installing computerised manufacturing equipment.

Required:

Advise Concrete & Transport Limited of the deductibility of money spent in connection with the items referred to above. assignment should be a 3 A4 size excluding the references. and all relevant case laws should be mentioned.

Reference no: EM13343419

Questions Cloud

Explain what was the initial concentration c1 : A 633 milliliter NaCl solution is diluted to a volume of 1.34 L and a concentration of 8.00M. What was the initial concentration C1
Find the electric potential at the origin : A charge -Q is uniformly distributed along a circular arc of radius R beginning on the +y axis and ending on the -x axis. Find the electric potential at the origin
Evaluate the molar solubility of copper sulfide : Calculate the molar solubility of copper(II) sulfide in each liquid or solution. (See the table.) (a) pure water M (b) 0.43 M CuCl2 M (c) 0.17 M K2S M
Evaluate ksp for the given compound : Use the given molar solubilities in pure water to calculate Ksp for the given compound. Pd(SCN)2; molar solubility = 2.22 10-8 M
Build a new production plant factory : Concrete & Transport Limited carries on business as a manufacturer and supplier of concrete and concrete products. It also operates a railway to transport material and products to and from port facilities.
What is the energy contained in each cycle of the wave : The wave function for a wave on a taut string is y(x,t) = 0.355 sin [(9)(pi)(t) - (3)(pi)(x) + (pi/4)], where x and y are in meters and t is in seconds. What is the energy contained in each cycle of the wave
Explain the table to calculate the molar solubility : Use the Ksp values in the table to calculate the molar solubility of the given compound in pure water. CuS
Thor has a small australian share portfolio and their : Thor is thinking about leaving Australia in 2014/15 with his father Odin to live in Asgard (Denmark). Thor owns his home in Lyons (Darwin) and he’s wants to know whether for tax purposes he should rent his home to his friend Erik
State a balanced equation and an expression for ksp : Write a balanced equation and an expression for Ksp for the dissolution of the given ionic compound. Include states-of-matter. CaCO3 balanced equation: solubility expression

Reviews

Write a Review

Taxation Questions & Answers

  Taxable income

Determine taxable income before considering expense.

  Prepare a tax research memo

Prepare a tax research memo to the file that addresses the issues you feel are most relevant to Mimi's various issures.

  Income by ordinary concepts

Explain what is meant by income by ordinary concepts

  Identify the tax issues

Identify the tax issues that are raised and the relevant sections of the legislation. Identify any cases and other sources of law or information that apply.

  Calculate carolines taxable income

Calculate Carolines taxable income

  Taxation – law and practice

Show the tax issues that are raised and the relevant sections of the legislation.

  Payment to the taxpayer

Brief statement in your own words of the facts of the cases.

  Prepare regular corporation tax return

Prepare the C Regular Corporation Tax Return for the Lawson And Norman Enterprise

  Taxation law

Advise the participants in the ‘barter' system of the income tax implications, if any, of participating in the system.

  A tax on cigarettes is a good way of raising tax revenue

Discuss- A tax on cigarettes is a good way of raising tax revenue for the government

  Prepare the required journal entry

Prepare the required journal entry to record the tax expense

  Calculate barbs taxable income

Calculate Barb's taxable income? What nonrefundable credit is Barb eligible for based on the information you have?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd