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Capital Allowances Computation

Forums › ACCA Forums › ACCA TX Taxation Forums › Capital Allowances Computation

  • This topic has 0 replies, 1 voice, and was last updated 6 years ago by a14yush.
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  • May 3, 2019 at 12:10 pm #514837
    a14yush
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Roland prepares accounts to 31 December each year. The written down value of his
    main pool of plant and machinery after deducting capital allowances for the year to
    31 December 2017 was £116,250. There was no special rate pool on that date.
    Purchases and sales of plant and machinery for the year to 31 December 2018 were as
    follows:
    £
    9 April 2018 Bought electrical system 375,800
    17 May 2018 Bought plant 114,450
    5 June 2018 Bought car (emissions 90g/km) 12,700
    25 August 2018 Sold plant bought for £11,000 in 2015 12,500
    31 October 2018 Bought car (emissions 133 g/km) 14,000

    The electrical system bought in April 2016 qualifies as an ‘integral feature’ of a
    building for capital allowances purposes.

    Required: Prepare a capital allowances computation for the year to 31 December
    2018, assuming the maximum capital allowances claimed.

    Dear Tax tutor
    Can you please help me out of this question

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