Required: 1. Based on the information provided and assuming Gringo


Required: 
1. Based on the notification supposing and splendid Gringo  had a heave eager chief waste of $30,000 at 30 June 2016, clear-up and number the inveigle chief reach or chief waste to be included in Gringo’s assessable pay coercion 2016/17 as a consequence of the sale of the concern ground (7 marks).  2. Clear-up  whether the concern on the hypothecation and the art fee are deductible coercion Gringo (2 marks). 3. Clear-up and number the assessment consequences coercion Gringo when the equipment used to impel movables about the repository is sold coercion $12,000 on 1 July 2016

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