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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Carl Question Pg 234 for TX Notes
Hi there,
I am failing to establish exactly why there is not balancing allowance for the Carl question (where Carl bought a car with CO2 emissions 170g/km)
because Car was bought for 16,600 (WDA 6% =964 twdv c/f 15604 and sold at a loss of 12000 (considerign twdv of 15604 is greater than 12000), meaning too little depricaition has been assigned
Can you urgently provide assistance?
Thanks
Look back at the relevant notes and lectures – see chapter 5 section 7.3 note (b) – the car is allocated to the special rate pool so there is no balancing allowance on its disposal – if the car had private use by the proprietor of the business then a balancing allowance would arise on its sale – this is not the case here!