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