August 2019
Intermediate to advanced
550 pages
22h 47m
English
receivable at the end of each year after allowing for a sinking fund at a given rate to replace the invested capital and for the effect of income tax at 25% on that part of the income used to provide the annual sinking find instalment.
| Note:— | Tables of Years’ Purchase in which no allowance has been made for the effect of income tax on that part of the income used to provide the annual sinking fund instalment will be found on pages 53–71. |
| Income Tax 25% | Sinking Fund 2.5% |
YEARS’ PURCHASE
| Rate Per Cent | |||||||||
| Yrs. | 4 | 4.5 | 5 | 5.5 ... | |||||
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