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Q 2 Sirus Ltd has been in business for decades. Its accounting year end is the 31st Dec. Its Assets are as follows: Purchased Machines
Q 2 | Sirus Ltd has been in business for decades. Its accounting year end is the 31st Dec. | |||||
Its Assets are as follows: | ||||||
Purchased | ||||||
Machines | 380,000 | 01/01/2016 | ||||
Office Equipment | 48,000 | 03/06/2017 | ||||
Trucks | 240,000 | 05/10/2017 | ||||
2 Cars ( Category C ) | 62,000 | 01/11/2017 | ||||
Note: | ||||||
1) | A machine purchased on the 1/1/2016 for 32,000 was scrapped on the 1/5/2020 and | |||||
replaced by a new machine costing 56,000. (Old machine had no scrappage value) | ||||||
2) | One of its C category cars that cost 26,000 was sold on the 2/7/2020 for 15,000 and | |||||
replaced by a Category D Car which cost 30,000 | ||||||
Required: | ||||||
Prepare Sirus Ltd Capital Allowances for 2020 | ||||||
TOTAL |
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