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Hi JOHN
would like to ask a question about tax-allowable depreciation.
when finding tax-allowable depreciation under straight line method, do we need balancing charge allowance at disposal year. if not why siri confused how to deal straight line method.
thanks in advance.The balancing allowance or balancing charge is calculated in the same way regardless of whether the tax allowable depreciation is reducing balance or straight line. (Straight line is very unlikely in the exam because it does not happen in real life.)
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