Question
Mambo prepares accounts to 30th June. Although considerable investment has beenmade on new equipment; business has been mediocre, and he will cease to trade on
Mambo prepares accounts to 30th June. Although considerable investment has beenmade on new equipment; business has been mediocre, and he will cease to trade on 31stDecember 2023. The six months to 31st December 2023 will be his last preparedaccounts The tax written down values at 1st July 2019 were as follows
Main pool 36,400 Short life asset (acquired 1st May 2018) 5,600
Additions and disposals have been as follows 15/10/2019 Plant cost 28,000 16/08/2020 Car (with private use) 15,600 15/08/2022 Plant sold for 750 12/05/2023 Short life asset sold for 2,700
Private use of the car was 30% for all years. The car emits CO2 of 105g/km.At the end of 2023, the plant will be worth 26,000 and the car 10,800
Calculate the capital allowances for the periods from 1st July 2019 to 31st December 2023,assuming the capital allowances rates for 2019/20 apply throughout
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