Part of Capital alllowance
On 1 April 2021, the tax written down value of the main pool was £43,200. The following vehicles were sold during the year ended 31 March 2022:
Van
Car 1
Car 2
Original cost
£
11,800
8,400
5,300
Disposal proceed
£
14,700
8,100
12,200
The original cost of motor car [1] had previously been added to the main pool. The original cost of motor car [2] qualified for a 100% first year allowance.
Answer:
Car 2 is disposed at 5300 from main pool.
Can you tell why is it? It should have balance allowance of 12200-5300= 6900.
Ask the Tutor ACCA TX-UK
Capital allowance
If the car attacted 100% FYA it must be new electric and will not have a balancing allowance when sold.
The question does not make sense
Thank you
ok
Where did you get this question from?
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