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1. Why is the answer $14,420 instead of the $12,260 which is the FYA?
2. I can’t seem to understand how the WDA Allowance of $2160 is calculated. This is as 18%*8/12*12,260 = $1,471.20.
I look forward to your response. Thank you.
The new zero emissions car gets a 100% FYA (which is never time apportioned) and is only for business use, so the full £12,260 is claimed.
The TWDV on the pool is £18,000 at the start of the period (which should be 1 August 2025 NOT 1 April 2025 as the question says that this is an eight month period), so the WDA is £18,000 x 18% x 8/12 = £2,160.
So total allowances are £(12,260 + 2,160) = £14,420
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