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October 18, 2016 at 6:26 pm
Thanks very much for the lecture.
Please kindly help clarify, the AIA is an annual allowance of 500,000 on machinery. However, in the following accounting year end 31 Dec 2016, the AIA was not applied to machinery costing 30,000 for that year.
Or could it be that a company’s assets only qualifies for AIA only at the commencement of the business.
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