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I think there is a mistake in the answer 6_Acquisition of PPE (p.128): the balancing figure (cash – additions) should be 1,300 but not 1350.
Could you please correct it?Hi,
Welcome to Open Tuition. Thanks for spotting the typo in the notes, we’ll get it updated as soon as possible. If you use the lecture notes in conjunction with the recorded lectures you will see that the answer in the recorded lecture is the correct figure of 1,300.
Thanks
Hi there,
I am not sure if Chapter 30 Example 5 Income Tax computation 1. has the correct answer.
Can you confirm that the correct answer is £96,250 or highlight the error in my computation:
Accounting Profit £350,000
Add Depreciation £45,000
Disallowed Exp £20,000
Subtotal £415,000
Less TA Depcn (£30,000)
Total £385,000X 25% = £96,250
Thanks very much.
JM
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