Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

10. Eitte Manufacturers Limited carries on a manufacturing business. The company sally makes up account at 31 December each year. You are required to compute

image text in transcribed
10. Eitte Manufacturers Limited carries on a manufacturing business. The company sally makes up account at 31 December each year. You are required to compute the daim for capital allowances for the years of assessment 2017-2019 in respect of the under mentioned expenditures calculate the balancing allowance/charge for assets sold in 2020. PURCHASES DURING 2017 5 4,500,000 1 January - Delivery truck Business use 80% and private me 20% 1 April Industrial Building concrete 1 Al Furniture & fixtures July Plant and Machinery (used in production 1 October Plant & Machinety (computers de printers 1 Jamry - Non industrial Baikling (concrete) 1 October Private motor vehicle Exchange rate US$115118 DISPOSAL DURING 2020 Apaillant and Machinery (wed in production Ialy Private motor vehicle 12,500,000 2.000.000 3.000.000 4,400,000 8.000.000 4.720.000 2,500,000 1,800,000 10. Eitte Manufacturers Limited carries on a manufacturing business. The company sally makes up account at 31 December each year. You are required to compute the daim for capital allowances for the years of assessment 2017-2019 in respect of the under mentioned expenditures calculate the balancing allowance/charge for assets sold in 2020. PURCHASES DURING 2017 5 4,500,000 1 January - Delivery truck Business use 80% and private me 20% 1 April Industrial Building concrete 1 Al Furniture & fixtures July Plant and Machinery (used in production 1 October Plant & Machinety (computers de printers 1 Jamry - Non industrial Baikling (concrete) 1 October Private motor vehicle Exchange rate US$115118 DISPOSAL DURING 2020 Apaillant and Machinery (wed in production Ialy Private motor vehicle 12,500,000 2.000.000 3.000.000 4,400,000 8.000.000 4.720.000 2,500,000 1,800,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Behavioural Public Finance Individuals, Society, And The State

Authors: M Mustafa Erdogdu

1st Edition

0367631202, 9780367631208

More Books

Students also viewed these Accounting questions