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Hi. this is taxation law question. Thanks H Co acquired 80% of the shares in S Co for $100,000 on 1 January 2010 and the
Hi. this is taxation law question. Thanks
H Co acquired 80% of the shares in S Co for $100,000 on 1 January 2010 and the remainin decided to form a consolidated group with S Co from 1 July 2015. At the joining 20% of the shares in S Co for $50,000 on 1 August 2011, e, S Co had a liability of $30,000 owing on a bank loan and it owned $50,000 time cash, a depreciating asset with an adjustable value of $80,000 and a market of $100,000, trading stock with a market value of $40,000 and shares in a value listed company with a market value of $20,000. Calculate H Co's TCSA in relation to assets that are brought into the group. [136.5]Step by Step Solution
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