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Sapphire Jewellery Pty Ltd (SJ) is a resident private company. During the...

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Accounting

Sapphire Jewellery Pty Ltd (SJ) is a resident private company.
During the 2023 income year, SJ recorded an accounting profit of $100,000
In addition to the transactions recorded in the financial statements, SJ noted the following:
During 2021, SJ purchased business premises for $500,000. There were $200,000 of construction costs incurred on the property in 2005
Calculate the taxable income of SJ for the 2023 income year.
Question 11Select one:
$95,000
$105,000
$87,500
$112,500

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