[ishwaree10]

Hi Tax Tutor,

When do we know that we should adjust for Balancing allowance?

If a disposal of Motor Car is made during the year, for example WVD of main Pool b/d 5000, Motor Car Bought during the year is 4000(mail pool) and disposal of motor car 3000.
In this case, should we adjust for balancing allowance?

It will be great if you could explain the concept of balancing allowance as its very confusing having one question charging for allowance and another question its not charged.

Thank you in advance for your support

[Author]

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