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John is employed by Z plc at a salary of £35,000 a year. He was provided with a computer for private use on 6 November 2013. The market value of the computer when first provided to an employee for private use was £3,600 and had a market value of £2,000 when provided to John for private use. Z plc gave the computer to John on 5 April 2015 when it had a market value of £1,000. What are the total taxable benefits for John in respect of the computer for the tax year 2014/15?
A £2,880
B £3,300
C £1,720
D £1,833
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Please help me on it as I am having trouble working through this.Show me your workings but remember that the annual benefit is computed as 20% of the MV of the asset when first made available for private use and when the asset is transferred to him we take the higher of the OMV or the tax wdv of the asset at that date and then deduct any price paid
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