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  • Question 34

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    This question seeks to ascertain your method for calculating average values.

    Write the code from the table below that represents the type of averaging method you used for calculating 'average values'.

    Code

    Averaging method used

    1

    Opening/closing balances method under section 820-635

    2

    Three measurement days method under section 820-640

    3

    Frequent measurement (quarterly) method under subsection 820-645(2)

    4

    Frequent measurement (regular intervals) method under subsection 820-645(4)

    Further Information

    For more information about these methods or 'average values', refer to Division 820 of the ITAA 1997.

    End of further information
    Last modified: 08 Aug 2014QC 26054