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In revision kit Q 32
P&M why did we deduct all 6700 from expensive car and not only 3000?
and why did we deduct the whole 2100 in SLA?
thank you
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You deduct 6700 for the expensive car because it has been sold therefore this is the balancing allowance (16400 – 9700).
Same for the SLA, balancing allowance is 2100 because short-life asset balance c/f is 2900 but it was sold for only 800 therefore the difference is 2100.
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