12月ACCA考试F4练习题及答案.docx

12月ACCA考试F4练习题及答案2016年12月ACCA考试F4练习题及答案Additionalinformation:InJanuary2009CompanyAreceivedthedonationofamachine.Thevalueaddedtax(VAT)invoiceforthemachineshowedthatithadcostRMB150,000plusVATofRMB20,000.NoentryinrespectofthedonationofthismachinehasbeenrecordedintheaccountingsystemofCompanyA.Required:(i)Brieflyexplaintheenterpriseincometax(EIT)treatmentof:-thedonatedmachine;and-eachoftheitemslistedinNotes1to3.(15marks)(ii)Calculatethecorrectamountoftaxableprofitsandtheenterpriseincometax(EIT)payablebyCompanyAfortheyear2009.(7marks)(b)CompanyBisaresidententerprise,whichwasincorporatedintheyear1990.ThetablebelowshowsthetaxableprofitsofCompanyB,asagreedbythetaxbureau,fortheyears2002to2009inclusive.Year20022003200420052006200720082009Taxableprofits(inRMB)(900,000)100,000(300,000)100,000100,000200,000(100,000)850,000Required:(i)Brieflyexplainthetaxtreatmentoflosses,includingtheperiodfortheoffsetoflosses;(2marks)(ii)State,givingreasons,howmuchenterpriseincometax(EIT)willbepayablebyCompanyBforeachoftheyears2008and2009.(4marks)(c)Definetheterm'residententerprise'forthepurposesofenterpriseincometax(EIT)andstatethedifferencesinthescopeoftheassessmentofEITforresidentandnon-residententerprises.(7marks)(35marks)2(a)MrZhang,aChinesecitizen,isaUniversityprofessor.HehadthefollowingincomeforthemonthofJanuary2009:(1)MonthlyemploymentincomeofRMB18,000andabonusfortheyear2008ofRMB12,000.(2)IncomeofRMB18,000forpublishingabookon6January2009.Oneofthechaptersofthebookwaspublishedinamagazineasafour-dayseriescommencingon19January2009forwhichMrZhangreceivedincomeofRMB1,000perday.(3)AnetgainofRMB12,000fromtradingintheA-sharesmarket.(4)IncomeofRMB4,800forgivingfourseparateseminarsforEnterpriseX.(5)AtranslationfeeofRMB5,200fromamediapublisher.(6)ReceivedRMB300,000fromthesaleoftheproperty(50squaremetres)thathehadlivedinforsixyears.MrZhanghadacquiredthepropertyforRMB180,000.(7)GrossinterestincomeofRMB6,000fromabankdeposit.(8)ReceivedRMB11,000asinsurancecompensation.Required:Calculatetheinpidua