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Smith, who is a civil engineer, purchased a 30-hectare block of land in Australia in 1986 and used two hectares of it as a main residence. The part that was not main residence cost $600000. In March 2011, Smith decided to conduct the business of land development with respect to the 28hectares. From that date he was involved in the grading clearance, planning and financing of the development. On 1 March 2011, the land had a market value of $2 million. When the land is developed and subdivided Smith thinks he can sell it for a total of $10 million. Requirements:
a) Advise Smith as to the tax consequences of his actions.
b) Would you advice differ if Smith had purchased the land in 1980?
Q. Why is it complicated to protect a system in which users are allowed to do their own I/O? Answer: In earlier chapters we identified a distinction among kernel and user mod
Indexed allocation Indexed allocation bringing all the pointers together into one location: the index block. Every file has its own index block, which is an array of disk-block
Q. Describe why SSTF scheduling tends to favour middle cylinders over the innermost and outermost cylinders. Answer: The middle of the disk is the location having the smalles
What are batch systems? Batch systems are quite appropriate for implementing large jobs that need little interaction. The user can submit jobs and return later for the results.
Problem 1: (a) What are the likely benefits which an organisation may derive from the planning process? (b) Explain the main reasons why an organisation may fail to plan.
List the four steps that are essential to run a program on a completely dedicated machine. a. Reserve machine time. b. Manually load program into memory. c. Load starting
Relocation bits employed by relocating loader are specified by Relocation bits employed by relocating loader are specified by Assembler or Translator
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what is interval timer
Q. State three merits of placing functionality in a device controller rather than in the kernel and State three disadvantages. Answer: Three advantages: Bugs are less probabl
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