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Sir, could you please explain me how to get the tax depreciation of Stitching machine for the year 20×9. (page 115- example 7).
Thank you.
Hi,
I think it is a mistake and the tax depreciation should be $8,125 (balancing allowance). If we’ve received proceeds of $9,500 and the tax written down value was $17,625, then the difference is allowable for tax.
I’ll update the notes to correct the error, thanks for spotting it, I think you’re the first one to have noticed it!
Thanks
Thank you sir, I got it. By the way the video lesson regarding to that question is not there.
Appreciate your quick reply. Thanks.
Hi,
If it is not there then it hasn’t been recorded, so I’ll add it to my to do list.
Thanks
That’s all right sir…I have to say that your lectures are very interesting to watch.
Thanks for the great service.
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