Question
Bathtub Ltd is a large manufacturing company with an average annual turnover of 60 million. On 1 June 2020 they pay a $120,000 upfront fee
Bathtub Ltd is a large manufacturing company with an average annual turnover of 60 million. On 1 June 2020 they pay a $120,000 upfront fee to Machineserv Ply led for a 12 month contract to provide monthly maintenance to Bathtub's machinery. Which of the following amounts would be deductible in respect of the year ended 30 June 2007 No amount is deductible as the payment will not by it self, generate income
a). $120.000
b). $60,000
c). $12.000
d). $10,000rn
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