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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Open tuition notes page 229 question 31 shamus
cost 124000
restoration 60000
insurance (50000)
cost base 134000
if no claim, the proceeds with be part of the disposal in jan 2019
from where the amount of 29524 is calculated…no index has been mentioned
thank you
For some reason the calculation of the cost has not appeared – look at the FA 2019 material – now online – and you will see the basis of the computation.
Your comment above that “no index has been mentioned” is however very worrying – this is an individual taxpayer not a company! Individuals do not get IA