Q1

A)
CHATTEL, NON WASTING CHATTEL, EXEMPT

B) NOT A CHATTEL, CHARGEABLE TO GST

C) CHATTEL, WASTING, EXEMPT

D) CHATTEL, WASTING, CGT

E) CHATTEL, NON WASTING, CGT

F) CHATTEL, WASTING, EXEMPT

Q2

A)
CHATTEL, NON WASTING, CHARGEABLE TO GST

B)
NOTCHATTEL, WASTING, CHARGEABLE TO GST

C)
CHATTEL, WASTING, EXEMPT

D)
CHATTEL, WASTING, EXEMPT

E)
CHATTEL, NON WASTING EXEMPT
F)
CHATTEL, WASTING EXEMPT

Q3)

A)
PROCEED 6600
COST -3200

3400
B) 1000

CHARGEABLE GAIN 1000

Q4)

DEEMED PROCEEDS 6000

ALLOWABLE SELLING COST -250
COST -6500

ALLOWABLE LOSS -750

Q5)
1ST TABLE
PROCEEDS 6400
COST -1000
5400 667

2ND TABLE
PROCEEDS 13600
COST -1000 12667
12600

Q6
PAINTING
PROCEEDS 6000
COST -50
COST 10500

ALLOWBLE LOSS -4550

Q7)

PROCEEDS 40000
COST -35000
CHARGEALE GAIN 5000

Q8)
PROCEEDS 26500
COST- CAPITAL ALLOWACE (35000-8500) -26500

Q9)

PROCEEDS 38000
COST -15200

22800

Q9)

PROCEEDS 30000
COST -16150

13850

BPP-123

PROCEEDS 7000
COST -1500

5500 1667

124
DEEMED PROCEEDS 6000
LESS: COST -8500

-2500

130

PROCEEDS 28800
COST -12600
CG
16200

137
 2ND P
PROCEEDS 7200
COST -1000
CG 6200 2000

138

PROCEEDS 5700
COST 22800

-17100

140

PROCEEDS 28800
COST -12600

16200

142
PROCEEDS 27900
COST -14616
13284

4
 667

12600