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Question - John is a doctor who works as a sole practitioner, operating through a rented room in a medical clinic. During the 2021 income year he paid $16,000 for 12 months rent in office rental fees in one instalment, as well as $1,500 on a new sofa for his office purchased in July 2020. Wishing to improve his management skills, in January 2021 he enrols in an MBA course at the local university at a cost of $5.000 per semester. Assuming John does not qualify for the small business entities concessions of Subdiv 328-D ITAA97, how much is he entitled to claim as a deduction in the current year?
smoluk mining co. is currently operating less than 50 of capacity. the management of the company expects sales to drop
viva marketing ltd. produces television advertisements for businesses that are marketing products in the western
badger recorded 500000 of net sales for the year of which 2 is estimated to be uncollectible. id and analyze the
the devon motor company produces motorcycles. during april the company purchased 8000 batteries at a cost of 10 per
In this assignment, you will use the Internet and other sources to gather and interpret information related to service and manufacturing organizations.
How much must he set aside each year till his retirement to be able to achieve his goal, if the interest rate is now 9% compounded yearly
Create a horizontal and vertical analysis for the balance sheet and the income statement. Write a 350- to 700-word memo to the CEO of your selected organization in which you discuss your findings from your ratio calculations and your horizontal and..
Determine ending inventory cost by average cost method. In your calculations round per unit to the nearest cent. Round your answer
Jerell's ordinary share was selling P20 per share and the convertible preference share was selling for P30 per share. What amount of the proceeds
What are your two biggest concerns relating to possible fraud for the motel part of the business
Assume that the company uses the FIFO method of accounting for units and costs. 1. Compute the equivalent units for the month for the first processing
Measure product line profitability and wants to include an allocation ofservice department costs in the analysis. How would you recommend the service department costs be allocated?
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