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Talam Co mj 2019 qn1

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

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December 6, 2021 at 5:13 pm #642770
nk16
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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…
December 7, 2021 at 7:48 am #642868
John Moffat
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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)).
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