User Account

All Pages

What is Alfonso net capital gain

Assignment Help Accounting Basics
Reference no: EM132623481

Question - On August 2017 Alfonso Garcia sold a business premises that he used to conduct his business for $790,000. The cost base of the premises was $520,000 when purchased in 2010.

Alfonso moved into a rented premises and spent $35,000 on fittings etc on August 19th 2017 which are deemed to be "replacement Assets".

His business satisfies all the criteria to access the small business capital gains tax concessions.

What is Alfonso's net capital gain for the 20174/18 FY?

Reference no: EM132623481

Questions Cloud

Calculate earnings per share for both plans : Calculate earnings per share for both plans. Alliance Agreement Corporation is considering two plans for raising $2,500,000 to expand its current operations.
Prepare the necessary adjusting entries for salaries expense : Prepare the necessary adjusting entries for salaries expense on December 31, year 1 and January 15, year 2. (If no entry is required)
Display their preferred workplace art : How should new employees determine whether to display their preferred workplace art?
Define professionalism and the professional values : Personally, define professionalism and the professional values (social justice, altruism, human dignity, autonomy, accountability, and integrity).
What is Alfonso net capital gain : The cost base of the premises was $520,000 when purchased in 2010. What is Alfonso's net capital gain for the 20174/18 FY
What amount will client revenue earned be reported : At what amount will Client Revenue Earned be reported in Jasper's income statement? Jasper's unadjusted trial balance reports Unearned Client Revenue
How would you use present value to decide : How would you use present value to decide how much to save for your retirement? What discount rate would you use in your calculations? Why?
What are the implications of the efficient market hypothesis : What are the implications of the Efficient Market Hypothesis on financial decisions by individual investors? Explain in detail with an example.
Journalize the transactions for october : Journalize the transactions for October 20Y2 in a two-column journal. Journal entry explanations may be omitted. If an amount box does not require an entry

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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