Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › balancing allowance
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- May 9, 2016 at 6:28 pm #314311
Q4: We use balancing allowance/charge only in case when we dispose the motor car for less then cost (because if we hadn’t disposed it we could get relief for whole amount of cost), right?
Explain, sir, please.May 9, 2016 at 8:32 pm #314336Answered in your earlier question
May 19, 2016 at 4:19 pm #315846Sir, if balancing allowance/charge arises on single asset which is used for private purpose, then will the balancing allowance/charge will be apportioned according to business use?
Thanks
May 21, 2016 at 4:20 pm #316227its deducted in full, but added into allowances according to business use persentage.
May 22, 2016 at 3:53 pm #316419Yes – where a balancing adjustment arises on the disposal of an asset that has private use by the proprietor (non pool asset) then it will be restricted to the business use %
May 23, 2016 at 5:21 pm #316644Thanks Sir and rustamrakhmatov27 🙂
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