Practice Question 11

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November 12, 2023 at 1:51 pm #694711
DIlan
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Please explain me how did the (15/12) figure came in the answer of the motor car WDA in practice question 11 (Grace) ?
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November 13, 2023 at 9:18 am #694740
JillyB
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The accounting period is 15 months long so the AIA is pro-rate’d accordingly
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