Baumeister In HFP Practice Questions - Baumeisterin Baumeister Mit Eidgenössischem Diplom (HFP) Maître Entrepreneur-constructeur Avec Diplôme Fédéral Exam

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A Baumeister enterprise owns a fleet of crawler excavators and heavy dump trucks with a historical acquisition cost of CHF 6,000,000 and an estimated fair market value of CHF 3,200,000. In the statutory commercial balance sheet under Art. 960a OR, the fleet has been depreciated down to a symbolic book value of CHF 1. What are the legal implications regarding hidden reserves (stille Reserven) under Art. 959c and 960e OR?

The formation of hidden reserves on plant and equipment is strictly illegal under Swiss OR and triggers immediate tax penalties for fraudulent accounting The company must revalue the fleet to fair market value on the balance sheet and pay a 35% federal withholding tax (Verrechnungssteuer) immediately The hidden reserves of CHF 3,200,000 are legally permissible under Swiss OR, but if their net dissolution materially improves reported annual profit, it must be disclosed in the notes (Anhang) The hidden reserves must be credited to a special blocked bank account under the joint control of the cantonal labor inspectorate

Correct Answer:

The hidden reserves of CHF 3,200,000 are legally permissible under Swiss OR, but if their net dissolution materially improves reported annual profit, it must be disclosed in the notes (Anhang)

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