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3. Depreciation on non-current assets is as follows: Vehicles: 20% on the fixed line method Buildings: 30% on the straight line method Machines: 25%
3. Depreciation on non-current assets is as follows: Vehicles: 20% on the fixed line method Buildings: 30% on the straight line method Machines: 25% on the diminishing balance method Land is not depreciable 4. Rent expense is R 1000 per month 5. Tax percentage for the year is 28% Required: Prepare the Statement of comprehensive income of Kudu Ltd for the year ended 2014 according to IAS 1.
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Statement of Comprehensive Income for the year ended 2014 for Kudu Ltd according to IAS 1 Revenue Le...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
