Discuss CIMA CIMAPRA19-F01-1 Exam Topic 3 Question 48

ST has $20,000 of plant and machinery which was acquired on 1 April 20X0. Tax depreciation rates on plant and machinery are 20% reducing balance. All plant and machinery was sold for $12,000 on 1 April 20X2.

Calculate the tax balancing allowance or charge on disposal for the year ended 31 March 20X3 and state the effect on the taxable profit.

AA balancing allowance of $800 will increase taxable profits.

BA balancing allowance of $800 will reduce taxable profits.

CA balancing charge of $800 will increase taxable profits.

DA balancing charge of $800 will reduce taxable profits.

Suggested Answer: B

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11 comments · newest first

Elenore 12 months ago

I thought it was supposed to be a balancing allowance, not a charge.

Clement 1 year ago

Balancing allowance reduces profits, not increases!

Mammie 1 year ago

Wait, how does a charge increase profits?

Roselle 1 year ago

Definitely, it's a charge of $800.

Carma 1 year ago

A balancing charge means taxable profits go up.

Twila 1 year ago

This looks like a pretty straightforward networking question. I'll focus on understanding the key details about the Initial Setup Wizard and the different types of ports it configures.

Dominque 1 year ago

Hmm, this one's tricky. The question mentions that there might be multiple correct solutions, so I'll need to be careful in my analysis. I'll start by making sure I understand the current setup and the problem statement, then I'll consider the proposed solution and whether it's the best approach.

Shala 1 year ago

I'm pretty sure the answer is B - they don't just provide services to Tier 1 providers, they serve a wider range of ISPs and networks.

Sherron 1 year ago

Hmm, I'm a bit confused on this one. I'll need to think through the different stages of the test process to figure out when requirement testability is assessed.

Youlanda 1 year ago

I feel pretty good about this one. The leads that have been blacklisted seem like the most likely to receive a non-operational email, so I'm going to go with option C.

Luther 1 year ago

This seems like a straightforward question about transit privileges. I'll read through the options carefully and think about the key characteristics of a transit privilege.

CIMAPRA19-F01-1 Exam - Topic 3 Question 48 Discussion