Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Paper Ltd has main pool assets with a tax written down value of $38,000 as at 1April, 2020. They purchase three Zero emission delivery vehicles

Paper Ltd has main pool assets with a tax written down value of $38,000 as at 1April, 2020. They purchase three Zero emission delivery vehicles for a total of $76,000 and purchase a car for the CEO costing $32,750 . The car has a 30% personal use and emits 165g/ CO2 / km. During the year they dispose of assets for $ 1,400 which had initially cost $ 15,750. Calculate the total capital allowance that can be claimed in the year to 31March 2021and the tax written down value at that date

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

Auditing And Assurance Theory And Practice

Authors: Clifford Gomez

1st Edition

8120345665, 978-8120345669

More Books

Students also viewed these Accounting questions