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For this qn 1 bi I didn’t understand y for year it’s 12250 for tax allowable depreciation…plz explain on that..
What n how did they get that…
Why did they did that…
The TAD in the year of sale is the tax written down value (35,000 – (3 x 5,250) = 19,250) less the sale proceeds of 7,000.
I explain this in my free lectures (and is the same rule as in Paper FM (was F9)).