Hop Date Item 01/01/2019 Equipment Book Value at the beginning of year 01/01/2019 Value 31/12/2019 Equipment Book Value at the end of year 31/12/2019 SR300,000 13/03/2018 SR387,000 Value of equipment acquired on 13/03/2018 SR60,000 20/09/2018 Value of equipment acquired on 20/09/2018 SR30,000 04/03/2018 Value of equipment disposed of 04/03/2018 SR15,000 10/09/2018 Value of equipment disposed of 10/09/2018 SR18,000 14/02/2019 Value of equipment acquired on 14/02/2019 SR90.000 17/06/2019 Value of equipment acquired on 17/06/2019 SR75,000 31/01/2019 Value of equipment disposed of 31/01/2019 SRA5,000 11/06/2019 Value of equipment disposed of 11/06/2019 SR33,000 31/12/2018 Book Value of this group of assets 31/12/2018 'Remaining Collection of Assets Value for tax purposes SR7,500,000 01/01/2019 to Improvements of various equipment that are capitalized and to be 31/12/2019 allocated over remaining life through depreciation Required: (You may use an excel sheet to submit your answers) 1. Calculate the tax allowed 'depreciable value for this group of assets Equipment for the tax year 2019, 2- Calculate the tax allowed depreciation expense' for this group of fixed assets for the tax year 2019 (Gregorian Calendar year) and the end value for the remaining collection of foed assets of this group for tax purposes. 3- Calculate the allowable Improvements in Equipment expense for tax determination purposes. 4 calculate the excess in improvements in Equipment and how it should be treated Determine the new value of 'Equipment for the year end 2019 for tax purposes Abc ab Aalboo Ansbach Aal Nomad No Space Head Head tersele punches, cum og ind le ding much. He is a registered tryer for Income Ta with GAZT Once the establishment of his business and he regularly files to declutations annully and pay the crued amounts of tax at the prescribed times The following table provides beinformation about the current book values of all fasts in the roup Equipment as well as all additions and disposals of equipment during the tax years 2015 and Value 01/01/2010 Equipment Book Value at the beginning of year 01/01/2019 SR300,000 31/12/2013 Equipment Book Value at the end of year 31/12/2019 SR387.000 E/DE/2018 Value of equipment acquired on 13/03/2018 SRGO,000 20/09/2015 Value of equipment acquired on 20/09/2017 SR30,000 04/03/2018 Value of equipment disposed of 04/03/2018 SR15,000 10/09/2015 Value of equipment disposed of 10/09/2016 SR 18,000 15/02/2019 Value of equipment acquired on 14/02/2019 SR90,000 17/06/2013 Value of equipment acquired on 17/05/2019 SR75,000 31/01/2018 Value of equipment disposed of 31/03/2019 SR45,000 11/05/2013 Value of cupent disposed of 11/06/2019 SR33.000 31/12/2018 Book Value of this group of assets 31/12/2018 Remaining Collection of Assets Value for purposes 01/07/2019 to Improvements of various equipment that are capitalized and to be SR7,500,000 31/12/2015 allocated over remaining life through depreciatia Requiredyou may use an excel Sheet to submit your answers Calculate the allowed depreciable value for this group of st. Eument for the tax year 2019 Calculate the tax allowed depreciation expense for this group of fixed assets for the tax yeur 2013 Gregorian Calendar year and the end value for the remainins collection of the assets of
