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JG Pty Ltd incurred $400,000 in feasibility studies on 1 April 2023 and soon after (in May 2023) proceeded to start its manufacturing business. Assuming
JG Pty Ltd incurred $400,000 in feasibility studies on 1 April 2023 and soon after (in May 2023) proceeded to start its manufacturing business. Assuming JG Pty Ltd is not a small business entity, what amount can JG Pty Ltd claim as a deduction for the cost of the feasibility studies in its 2023 tax return?
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Since JG Pty Ltd is not a small business entity it cannot immediately deduct the full amount of 4000...
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International Financial Reporting a practical guide
Authors: Alan Melville
8th Edition
1292439424, 978-1292439426
