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BPP Practice Kit FA 2019 Exam Jun 2020 onwards Q240 Jogger Ltd (p87) on AIA

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › BPP Practice Kit FA 2019 Exam Jun 2020 onwards Q240 Jogger Ltd (p87) on AIA

  • This topic has 6 replies, 2 voices, and was last updated 8 months ago by Tax Tutor.
Viewing 7 posts - 1 through 7 (of 7 total)
  • Author
    Posts
  • May 5, 2020 at 4:43 pm #570059
    lukayl
    • Topics: 42
    • Replies: 123
    • ☆☆

    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.

    May 7, 2020 at 4:53 am #570201
    lukayl
    • Topics: 42
    • Replies: 123
    • ☆☆

    Hi Sir,

    Can I ask the question above again?

    May 7, 2020 at 1:47 pm #570248
    Tax Tutor
    Keymaster
    • Topics: 2
    • Replies: 3461
    • ☆☆☆☆☆

    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.

    May 7, 2020 at 4:47 pm #570267
    lukayl
    • Topics: 42
    • Replies: 123
    • ☆☆

    Hi,

    Hmm, I just contact them, it seems they still got the 2018 as of the latest. Shame.

    May 7, 2020 at 4:55 pm #570269
    lukayl
    • Topics: 42
    • Replies: 123
    • ☆☆

    Hmm, it seems I can’t even share a photo link to the questions and answer either. Opentuition seems doesn’t allow it.

    May 8, 2020 at 11:00 am #570314
    Tax Tutor
    Keymaster
    • Topics: 2
    • Replies: 3461
    • ☆☆☆☆☆

    Thanks for feedback – nothing for you to worry about regarding the question as clearly a £!m limit should have been used as you know.

    May 9, 2020 at 10:38 pm #570081
    lukayl
    • Topics: 42
    • Replies: 123
    • ☆☆

    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=0

    Answer:
    https://www.dropbox.com/s/dusvltmoutazm4e/IMG_2075.jpg?dl=0

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