Maurice prepares accounts to 5 April each year. The written down value of his main pool at
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Maurice prepares accounts to 5 April each year. The written down value of his main pool at 5 April 2017 was £10,300. There was no special rate pool. His purchases and sales of plant and machinery during the year to 5 April 2018 were as follows:
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7 April 2017 11 April 2017 11 July 2017 1 November 2017 12 January 2018 Bought plant Sold machinery (original cost 4,000 in 2016) Bought motor car (emissions 124g/km) Bought machinery Sold equipment (original cost 7,000 in 2014) 600 4,200 8,000 400 3,000 Compute the capital allowances which may be claim ed for the year to 5 April 2018, assuming no private use of any of the assets.
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To calculate the capital allowances for Maurice for the year to 5 April 2018 we need to take into account the following transactions 1 Written down va...View the full answer
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