3rd Quiz

3rd Quiz

University

10 Qs

quiz-placeholder

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3rd Quiz

3rd Quiz

Assessment

Quiz

Other

University

Practice Problem

Medium

Created by

Noraza Mat Udin

Used 2+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Prospecting expenditure can be incurred by mining companies only.

True

False

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Disposer of a mine may have a chance to claim mining allowance in the year of disposal.

True

False

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Purchaser of a forest (transferee) can claim forest allowance only if he incurred qualifying forest expenditure.

True

False

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Transferee of a plantation can claim agriculture allowance without any restriction.

True

False

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Transferor of an agriculture business can claim agriculture allowance in the year of disposal if the asset if used within one month prior to disposal.

True

False

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Income of a bank is assessed on world income scope basis.

True

False

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The scope of charge of a banking business is specified in section 6C.

True

False

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