2026 FNSACC601 Quiz 5 - Primary Production 84.21
out of 100.00 with corrections (Prepare and administer
tax documentation for legal entities) Monarch Institute
HOLIDAY NOTICE: LIMITED SUPPORT (20 DEC – 4
JAN)
Please be advised that from Saturday 20th December to Sunday 4th January, Trainer
and Student Services availability will be limited.
Please allow extra time for responses. Thank you and enjoy the break!
Started on Saturday, 3 January 2026, 4:39 PM
State Finished
Completed on Saturday, 3 January 2026, 4:44 PM
Time taken 5 mins 7 secs
Marks 16.00/19.00
Grade 84.21 out of 100.00
Feedback Sensational! - You have shown an indepth understanding of this
material, and have achieved an excellent result. Well done.
Question 1
Which of the following business activities satisfies the definition of a
Correct
primary production business?
Mark 1.00 out of
1.00 Select one:
a. None of the answers are correct
b. Cheese making
c. Wine making
d. Timber milling
e. Mining
, Question 2
Which of the following would not be classed as a water facility for
Correct the purposes of claiming a deduction?
Mark 1.00 out of
1.00 Select one:
a. Pipes supplying water to irrigate grazing land
b. Drainage of grazing land
c. A dam
d. None of the answers are correct
e. A windmill used to pump water
Question 3
Which of the following producers is unable to claim a deduction for
Correct deposits made under the Farm Management Deposits Scheme?
Mark 1.00 out of
1.00 Select one:
a. Dan made total Farm Management Deposits of $201,000
b. None of the answers are correct
c. Amy derived business income solely from cattle trading
d. Brett derived business income of $340,000 from wool sales
and $40,000 from contract plumbing
e. Cal derived business income of $270,000 from wine making
and also derived a salary of $90,000 from managing a liquor store
Question 4
For depreciation purposes, eligible capital expenditure on
Correct
horticultural plants does not include which of the following?
Mark 1.00 out of
1.00 Select one:
a. Cost of maintaining the plants until planting
b. Cost of chemical soil fertilizer
c. Cost of grafting trees
d. Cost of planting the plants
e. Cost of acquiring the plants
out of 100.00 with corrections (Prepare and administer
tax documentation for legal entities) Monarch Institute
HOLIDAY NOTICE: LIMITED SUPPORT (20 DEC – 4
JAN)
Please be advised that from Saturday 20th December to Sunday 4th January, Trainer
and Student Services availability will be limited.
Please allow extra time for responses. Thank you and enjoy the break!
Started on Saturday, 3 January 2026, 4:39 PM
State Finished
Completed on Saturday, 3 January 2026, 4:44 PM
Time taken 5 mins 7 secs
Marks 16.00/19.00
Grade 84.21 out of 100.00
Feedback Sensational! - You have shown an indepth understanding of this
material, and have achieved an excellent result. Well done.
Question 1
Which of the following business activities satisfies the definition of a
Correct
primary production business?
Mark 1.00 out of
1.00 Select one:
a. None of the answers are correct
b. Cheese making
c. Wine making
d. Timber milling
e. Mining
, Question 2
Which of the following would not be classed as a water facility for
Correct the purposes of claiming a deduction?
Mark 1.00 out of
1.00 Select one:
a. Pipes supplying water to irrigate grazing land
b. Drainage of grazing land
c. A dam
d. None of the answers are correct
e. A windmill used to pump water
Question 3
Which of the following producers is unable to claim a deduction for
Correct deposits made under the Farm Management Deposits Scheme?
Mark 1.00 out of
1.00 Select one:
a. Dan made total Farm Management Deposits of $201,000
b. None of the answers are correct
c. Amy derived business income solely from cattle trading
d. Brett derived business income of $340,000 from wool sales
and $40,000 from contract plumbing
e. Cal derived business income of $270,000 from wine making
and also derived a salary of $90,000 from managing a liquor store
Question 4
For depreciation purposes, eligible capital expenditure on
Correct
horticultural plants does not include which of the following?
Mark 1.00 out of
1.00 Select one:
a. Cost of maintaining the plants until planting
b. Cost of chemical soil fertilizer
c. Cost of grafting trees
d. Cost of planting the plants
e. Cost of acquiring the plants
