Jason began trading on 1 May 2020 and prepared his first accounts for the eight months to
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Question:
Jason began trading on 1 May 2020 and prepared his first accounts for the eight months to
31 December 2020. He made the following purchases of assets.
£ | ||
1 November 2020 | Plant & machinery | 20,000 |
11 November 2020 | Motor car 1 (emissions of 85 g/km) | 25,000 |
1 December 2020 | Motor car 2 (emissions of 45 g/km) | 40,000 |
The 1st car was used by Jason 30% for private use, the 2nd car was used by one of his employees 25% for private use.
What are the maximum capital allowances available to Jason for the period ending 31 December 2020
Related Book For
International Financial Reporting A Practical Guide
ISBN: 978-1292200743
6th edition
Authors: Alan Melville
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