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Question 1 was so big!
I wrote part A and left 2 pages of space so i could come back to it, then when i came back to it i filled the 2 pages and still had more things to write so couldn’t fit anything else in.
What did people write about for each question?
I forgot to index the building, last minute done added the indexation but my paper was a mess.
Same here, i wrote maybe 3-4 lines for 1ai and around 6-7 lines for 1aii. I didn’t write much in the exam but answered all the questions. I feel like i done bad because i did not write much.
It was a strange exam.
i have only attempted for 85 marks, last 2 questions were good i am afraid testing of corporation tax was not sufficient.
I felt its difficult, anyone tried the question for base cost calculation of Building?
Question 1 (part – a) was pathetic wasted 45 minutes of the time on this part but still did not write enough . I kept thinking what to write.
because of this part the entire paper was sucked.
I cannot remember both clearly.
On building 2, I used original price of £120000 + index allowance as base cost as it was transferred on NLNG basis , hence transfer price between the groups are irrelevant, the original acquisition price is that base cost, and at time disposal, IA is given.
On building1, I cannot remember the figure, but involves work out rollover relief on the warehouse 1st , then building 1 acquisition price need to less then rollover relief to reduce the base cost. at last apply index allowance to get the final figure.
I am not sure if this was correct approach or not.
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