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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › question
If an employed person receives annual income of 41000 and he purchases a laptop for the use of business purposes for 3600 then when calculating his employment income why will the purchase cost of laptop be deducted to calculate employment income.
Also why will the purchase cost be deducted as capital allowances
Capital allowances are available for plant and machinery provided by an employee for use in his duties