Shell products. Note 2: Rex Limited systematically bought and sold shares. There was substantial repetition and turnover in buying and selling the shares Note 3: Rex Limited entered into a series of "licence agreements" with various companies to supply information and manufacturing data to the companies and agreed to teach their technicians how to grow a new type of KIWI fruit. Note 4: The following land transactions were undertaken by Rex Limited: Purchased a so hectare farm in Didy 2013 Ja $3.4 $6.870.000 million and sold the land to a developer 30 June 2020 for 56.8 million The local council recover the land from farming to residential in December 2015. Ahour 22% of the profit on sale resulted from the coming change Purchased 10 acres, containing a house garage, and barn $1.530.000 for $2.074,000. The land wise portion was 3714.000 Council approval was obtained for a subdivision of seven acres, which was carried out, and the land subsequently sold for $1.530,000. Costs involved in the subdivision amounted to $93,300 hncluding wofessional services of surveru; solicitor and valuer: fencing, Jelling and planting work and the excavation of a driveway; removal of pine trees, a hushi regeneration programe stock- fencing. a site survey the excavation of a driveway, and the planting of trees. The buildings and one acre of the remaining three acres are used for the Rex Limited resloration business Improvements costing S102.000 were made 10 a piece of S1.020,000 kind that was purchased in 2001 for $680,000. The improvements (nor minor) were made on August 2008 and the land was disposed for $1,020,000 in April 202/ TOTAL 9,350,000 The cost of inventory as at 31 March 2021 is $382,500 and the net realisable value of the inventory is $340,000. . In accordance with the Income Tax Act 2007, Rex Limited has satisfied the continuity of shareholder test and therefore the company is allowed to carry forward the previous years' loss. The net tax loss brought forward from previous years is $193,800. The tax depreciation for the year ended 31 March 2021 are as follows: The annual tax depreciation rate for buildings is 0% > The total tax depreciation for Plant and Equipment is $204,000 The total tax depreciation for Vehicles is $136,000 . The provisional tax account for year ended 31 March 2021 is as follows: Date Provisional Tax A/C Accounts Amount Date Account Amoun Balance b/d 255.000 31/3/202 9/5/2020 Bank 68,000 31/3/2020 Balance c/d 204,000 28/8/2020 Bank 68.00 15/1/2021 Bank fil 459.000 459.000 Details of expenditure related to rental of office building is provided below: Rental Agency Commission 42. Apportionmcat of Repairs and Maintenancc 294,100 Shell products. Note 2: Rex Limited systematically bought and sold shares. There was substantial repetition and turnover in buying and selling the shares Note 3: Rex Limited entered into a series of "licence agreements" with various companies to supply information and manufacturing data to the companies and agreed to teach their technicians how to grow a new type of KIWI fruit. Note 4: The following land transactions were undertaken by Rex Limited: Purchased a so hectare farm in Didy 2013 Ja $3.4 $6.870.000 million and sold the land to a developer 30 June 2020 for 56.8 million The local council recover the land from farming to residential in December 2015. Ahour 22% of the profit on sale resulted from the coming change Purchased 10 acres, containing a house garage, and barn $1.530.000 for $2.074,000. The land wise portion was 3714.000 Council approval was obtained for a subdivision of seven acres, which was carried out, and the land subsequently sold for $1.530,000. Costs involved in the subdivision amounted to $93,300 hncluding wofessional services of surveru; solicitor and valuer: fencing, Jelling and planting work and the excavation of a driveway; removal of pine trees, a hushi regeneration programe stock- fencing. a site survey the excavation of a driveway, and the planting of trees. The buildings and one acre of the remaining three acres are used for the Rex Limited resloration business Improvements costing S102.000 were made 10 a piece of S1.020,000 kind that was purchased in 2001 for $680,000. The improvements (nor minor) were made on August 2008 and the land was disposed for $1,020,000 in April 202/ TOTAL 9,350,000 The cost of inventory as at 31 March 2021 is $382,500 and the net realisable value of the inventory is $340,000. . In accordance with the Income Tax Act 2007, Rex Limited has satisfied the continuity of shareholder test and therefore the company is allowed to carry forward the previous years' loss. The net tax loss brought forward from previous years is $193,800. The tax depreciation for the year ended 31 March 2021 are as follows: The annual tax depreciation rate for buildings is 0% > The total tax depreciation for Plant and Equipment is $204,000 The total tax depreciation for Vehicles is $136,000 . The provisional tax account for year ended 31 March 2021 is as follows: Date Provisional Tax A/C Accounts Amount Date Account Amoun Balance b/d 255.000 31/3/202 9/5/2020 Bank 68,000 31/3/2020 Balance c/d 204,000 28/8/2020 Bank 68.00 15/1/2021 Bank fil 459.000 459.000 Details of expenditure related to rental of office building is provided below: Rental Agency Commission 42. Apportionmcat of Repairs and Maintenancc 294,100