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13 Strawberry Ltd's accounting profit for the year of assessment 2019/20 is $1,000,000. The following items of income have been included as income in the
13 Strawberry Ltd's accounting profit for the year of assessment 2019/20 is $1,000,000. The following items of income have been included as income in the sum of $1,000,000: Compensation for loss of usage of a machine for one month: $100,000 Compensation for cancellation on a trading contract: $150,000 Strawberry Ltd's assessable profit for the year of assessment 2019/20 is: Select one: O a. $900,000. O b. $750,000 O c. $1,000,000. O d. $850,000. LINE SEE EEEE S 14.Bee Ltd's accounting profit for the year of assessment 2019/20 is $1,900,000, after charging/crediting the following items: Payment for early termination of lease of office, with 5 more years to run at the time of termination: $1,000,000 Payment for purchase of computer hardware and software (30% pool if depreciation allowance is available): $100,000 Bee Ltd's assessable profit for the year. Select one: O a. $2.9 million. O b. $3 million. O c. $2 million. O d. $1.9 million. 15.The accounting period for year ended 30 June 2019 falls in which of the following years of assessment? Select one: O a 2020/21. Ob. 2019/20. C. None of the above d. 2018/19
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