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Mr.A bought a van last year for 30,000. This year he sold same van for 35,000.
Opening balance of main pool for current year = 300,000.
Accounting period = 1 Jan 2021 to 31 Dec 2021.Can you please solve this for me? I just want to get a concept which I cannot ask you but can get from this example.
By the way, I want to know is that if we have balance charge for an asset of a pool so will it be directly used to reduce capital allowance or will it reduce capital allowance over the period.
Thank you in advance.
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