Talam Co mj 2019 qn1

This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
December 6, 2021 at 5:13 pm #642770
nk16
Participant
- Topics: 71
- Replies: 39
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…
December 7, 2021 at 7:48 am #642868
John Moffat
Keymaster
- Topics: 57
- Replies: 54857
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)).
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.