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Donna D. says
April 22, 2016 at 11:53 am
I have Paper F6 taxation UK FA 2014 BPP Practice & revision kit for SALE just for £10. If you are in Tower Hamlets or around I can delivery to your door as well for free of charge.. It’s for exam from april 2015 to August 2016..
Also I’m looking for F5 used book and revision kit for June 2016 exam.
April 11, 2016 at 11:00 am
I need to calculate the NPV (a 5 year evaluation period for capital investment purposes) from forecast financial forecast. Some of the adjustments are:
(i) An investment in new machinery $ 1,125,000
(ii) Old machine will be disposed for $ 102,500, payable immediately
(iii) 4 machines operator will lose their job once the new machine become operational. A redundancy payment of $ 15,500 per machine operator is expected to be settled immediately.
(iv) Tax on profits at a rate of 30% and claims on capital allowances on machinery on a 25% reducing balance basis. Balancing allowances or charges are claimed only on disposal of assets.
My questions are as follows:
– Should the disposal be accounted as cost only in Year 1;
– How the redundancy payment is accounted and is it only for Year 1;
– What about the balancing allowances claimed only on disposal of assets.
February 16, 2016 at 3:17 am
How do you know what to split to Main Pool and Special Pool. Is there a maximum you can send to Main Pool because otherwise you will always send the remainder to Main Pool and there’s no point of special rate because nobody will ever use it.
August 14, 2015 at 12:17 pm
Does anyone tell me why the Exams tips for September is not updated yet? Is it the same as June then?
August 8, 2015 at 3:20 pm
If a sole trader buys plant and machinery, e.g. a computer or a car, which they intend to use partly for private needs, do we need to adjust the cost which qualifies for any of the capital allowances like we do with the expenses?
August 8, 2015 at 4:58 pm
It’s explained in section 3 of this chapter 🙂 I just got to it
April 8, 2015 at 3:58 pm
If accounting period is more than 12 months like 15 months than we have to proportionate same as small period or we have to do different way can please show us with example how long period are proportioned for AIA
May 7, 2015 at 12:49 am
The long period is computed just like the short period. E. g. for a 15 month period the computation will be (12/15 x 500,000).
September 4, 2015 at 1:24 pm
I think it should be 15/12*500000
March 2, 2015 at 5:54 am
under illustration 1 capital allowance..the AIA is 30000, but the maximum limit is 500000 pound available.Then why don’t we write 500000 in the allowance column.
March 13, 2015 at 1:19 pm
Because you can only claim what you’ve spent. You wouldn’t be able to claim £500,000 worth of allowance, if you’ve only spent £30,000 – the £500,000 is a maximum.
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