Hello,
I've watched the lecture on this several times and understand the timing when I listen and go through your question example 3. However when I'm doing past exam questions I'm struggling because they don't say when they buy the machine (beginning or end of year) and then I can't work out the the timing for tax and capital allowances. At the moment I'm looking at question ASOP (12/09). I must be missing something obvious?
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Lease v Buy
11y ago#1Unless told differently you always assume that machines are purchased on the first day of an accounting period.
Ok, thanks John...much appreciated
11y ago#3You are welcome :-)
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