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Capital allowance concept

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Capital allowance concept

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by JillyB.
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  • February 16, 2023 at 5:44 pm #678992
    maximus07
    Participant
    • Topics: 446
    • Replies: 437
    • ☆☆☆☆

    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.

    February 17, 2023 at 9:33 am #679018
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    Without sounding rude it looks from the question like you have not read the manual nor watched the recording of the lecture.
    You cannot answer the question from this information
    also the information is a year out of date and the rules have changed

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