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Exam F1 Topic 1 Question 23 Discussion

Actual exam question for CIMA's F1 exam
Question #: 23
Topic #: 1
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.

Suggested Answer: D Vote an answer

by Nat at Jan 21, 2026, 04:48 PM

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Here are all the actual test exam dumps for IT exams. Most people prepare for the actual exams with our test dumps to pass their exams. So it's critical to choose and actual test pdf to succeed.

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