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.
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Hi Sir,
Can I ask a question on AIA with regard to Q240 (Jogger Ltd, page 87) in BPP Practice Kit June 2020 exam edition?
In the answer (page 241), the AIA is restricted to £200,000 for the £500,000 machinery bought on 30.9.19? Am I missing something? I thought from January 2019, AIA is £1million on a 12 months period of account basis. The period of account for the company is not stated other than 12 months, so AIA shouldn’t have been pro-rata, right? Why the answer restricts the amount to £200,000? Or is the answer wrong and they are still using the old AIA from earlier years?
Thank you.
- Topics: 43
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Hi Sir,
Can I ask the question above again?
I can only assume from what you have told me, that as you suggest the answer has not been properly updated from the FA 2018 version.
It might be worthwhile asking BPP if they have an errata sheet for the FA 2019 material – let me know what they say as that would be useful information for all students using the BPP material.- Topics: 43
- Replies: 124
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Hi,
Hmm, I just contact them, it seems they still got the 2018 as of the latest. Shame.
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- Replies: 124
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Hmm, it seems I can’t even share a photo link to the questions and answer either. Opentuition seems doesn’t allow it.
Thanks for feedback – nothing for you to worry about regarding the question as clearly a £!m limit should have been used as you know.
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Also post the link images for your reference:
Question:
https://www.dropbox.com/s/83dmvec8w0d6nxk/IMG_2074.jpg?dl=0
https://www.dropbox.com/s/dusvltmoutazm4e/IMG_2075.jpg?dl=0Answer:
https://www.dropbox.com/s/dusvltmoutazm4e/IMG_2075.jpg?dl=0
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