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ACCA F6 UK lectures Download F6 notes
May 21, 2017 at 9:10 am
Could you make me clear, why in Example 1 instead of deducting disposals amount of 3000, which is the original cost, you deducted sales proceeding of 500?
May 25, 2017 at 4:32 am
You should always deduct the proceeds not original cost.
The sentence …. up to original cost of asset is deducted from the balance of unrelieved expenditure of the relevant pool means. If you had bought it for 10,000 and you sold it for 12,000 so here there proceed is 12,000 but you can deduct only up to 10,000 and you cannot go above it.
May 11, 2017 at 5:37 am
Thanks for the great lecture. However I am confused about the treatment of the long life asset.
when the expenditure is higher than 100,000 it goes to special pool.
In the illustration 3, the cost is 230,000 and it is treated as AIA of 200,000 and the rest in special pool.
Please re-explain the rule.
May 25, 2017 at 4:36 am
Yes it goes to Special rate pool and not main pool but it does not mean that it cannot qualify for AIA. I mean it does qualify for AIA but after AIA you should not take it to main pool but instead to special rate pool.
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