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capital allowance question

This topic has 1 reply, 2 voices, and was last updated 2 years ago by JillyB.

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November 13, 2022 at 11:04 pm #671386
taifalj
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Beth prepares accounts to 5 April. The WDV as at 6 April 2021 of her main pool is £1,250. She purchases machinery for £10,000 in the year and sells an item of plant for £500 (cost £3,000).
Calculate her capital allowances for the year ended 5 April 2022
please help solve
November 14, 2022 at 7:47 pm #671461
JillyB
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The item of plant will either go into the main pool and be added to 1250 or it will attract AIA 100% write off. The disposal – you add in the lower of proceed and cost and deduct that from the pool then give the figure a WDA 18%
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