Both the managing director and regional manager of Trail Ltd have the benefit of the use of company cars which may also be used for private purposes. The total benefit for the use of the cars are estimated at R350 000 per year, of which 35% is for private use and 65% for business purposes. The total amount that should be disclosed in remuneration as other benefits should be: 1. R122 500 2. R227 500 3. R245 000 4. R455 000
Both the managing director and regional manager of Trail Ltd have the benefit of the use of company cars which may also be used for private purposes. The total benefit for the use of the cars are estimated at R350 000 per year, of which 35% is for private use and 65% for business purposes. The total amount that should be disclosed in remuneration as other benefits should be: 1. R122 500 2. R227 500 3. R245 000 4. R455 000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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