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Hi, please can you explain why have we got c/f fig for SR pool on March 31st 2021 of £3388, when in the question it says Carl have sold the car for £12k on 1st Dec 2020.
Thanks in advance.
You only compute a balancing allowance on a pool at the cessation of trading – the fact that the assets within that pool may all have been sold is irrelevant – a WDA only will continue to be available.
See page 32 of the study notes chapter 5, section 7.3 note (b)