Mr. Chung carries on a business in Hong Kong. During the year ended 31 March 2020,...
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Mr. Chung carries on a business in Hong Kong. During the year ended 31 March 2020, he purchased the following assets (AA:30%) for his business use: Motor car: $160,000 Computer: $50,000 There is no balance brought forward in the 30% pool from the previous year of assessment. The total amount of deduction available to Mr. Wong in respect of the above two assets for the year of assessment 2019/20 are:...? Mr. Chung carries on a business in Hong Kong. During the year ended 31 March 2020, he purchased the following assets (AA:30%) for his business use: Motor car: $160,000 Computer: $50,000 There is no balance brought forward in the 30% pool from the previous year of assessment. The total amount of deduction available to Mr. Wong in respect of the above two assets for the year of assessment 2019/20 are:...?
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Calculating Capital Allowances for Mr Chungs Assets 1 Capital Allowances Mr Chung is eligible for ca... View the full answer
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Financial Accounting and Reporting
ISBN: 978-1292162409
18th edition
Authors: Barry Elliott, Jamie Elliott
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