Balancing adjustment/realisable value- Burung (6/14) and Sleepon(12/05)

This topic has 1 reply, 2 voices, and was last updated 9 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
August 15, 2016 at 5:13 pm #333371
Anonymous
Inactive
- Topics: 43
- Replies: 65
Hi John,
1) In sleepon it states the realisable value is 250-300 and that it is AFTER tax so this would be the reason why it was not used to compute the capital allowance, if it was Before tax then we would have used it to compute the balancing adjustment?
2) SO why in Burung is it used when the question says after taking taxation into account regarding the 4 million?
Thanks again
August 15, 2016 at 5:16 pm #333373
John Moffat
Keymaster
- Topics: 57
- Replies: 54845
1. Yes – that is the reason (and yes – it is was before tax you would need to work out the balding charge or allowance).
2 In Burung, note (iii) of the question specifically says that there will be a balancing adjustment.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.