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Answer / abhivirthi tax and industrial
Purchases of Land and Building is called Immovable Asset,
and purchase of Machinery etc., which were immovable
properties is called Capital Assets, and purchases of Air
Conditioner, Two wheeler, Three Wheeler, Four Wheeler,
Furnitures and Fittings, Generator, Refrigerator were called
Fixed Assets and payment of money towards Telephone Deposit,
E.B.Deposit and Sales Tax Security Deposits were called
ABHIVIRTHI Tax and Industrial Consultancy
VAT PRACTITIONER AND INDUSTRIAL CONSULTANT
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Answer / babhu kanchupalli
What the business owns...i.e fixed assets,current assets,tangible assets,intangible assets,fixious assets etc.....
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Q A project cost Rs.6,00,000. It yields annually a profit of Rs.80,000. After depreciation of 12.5% p.a.but before tax of 50%.Calculate payback priod.
Answered but misspelled pl correct ADMINISTRATIVE OVERHEADS -GROSS PROFIT=(ANS.SSOL)
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