Question 2Viktor is a director of Excel Mining Ltd a coal mining company in Victoria.The company had the following transactions during the year ended 30 June2018. He wishes to know how they are treated for income tax purposes by thecompany.You can assume in thi

| February 6, 2018

Question 2Viktor is a director of Excel Mining Ltd a coal mining company in Victoria.The company had the following transactions during the year ended 30 June2018. He wishes to know how they are treated for income tax purposes by thecompany.You can assume in this question that the numbers exclude GST unless otherwisestated.1. Purchased a Mercedes Benz motor vehicle for a cost of $128,000 on 10October 2017. The car is used by the managing director 72% of the timefor work purposes …

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