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Opentuition Lecture Notes: Chapter 5 Example 2 – Capital Allowances

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Opentuition Lecture Notes: Chapter 5 Example 2 – Capital Allowances

  • This topic has 3 replies, 2 voices, and was last updated 4 years ago by Jegan.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • February 3, 2021 at 2:11 am #608897
    Jegan
    Participant
    • Topics: 17
    • Replies: 38
    • ☆☆

    Hello Sir/Madam

    I have a question regarding Chapter 5 Example 2 – Capital Allowances Section.

    How do you come up with WDV c/f figire for the 70% Business Use car (2) as £14,720 – as i am confused how to obtain this figure.

    Thank you.

    Appreciate it.

    Jegan

    February 3, 2021 at 8:32 am #608921
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Thank you Jegan for bringing this to my attention – it is clearly the wrong number and is an updating error from when the WDA used to be 8% instead of 6% and I’ve forgotten to change the c/f figure!
    Thankfully the CA computation for the period is correct.
    Grateful for your note and if you spot any other troubling numbers then once again please let me know!

    February 3, 2021 at 8:34 am #608922
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Ps. the figure should of course be £15,040

    February 6, 2021 at 8:54 pm #609480
    Jegan
    Participant
    • Topics: 17
    • Replies: 38
    • ☆☆

    Thank you!

  • Author
    Posts
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