Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Venus is a sole trader and has prepared accounts to 30 April each year. At 30 April 2017, the tax written down value of her
Venus is a sole trader and has prepared accounts to 30 April each year. At 30 April 2017, the tax written down value of her main pool was 66,667. She decides to prepare her next set of accounts to 31 December 2017. In the period to 31 December 2017, the following acquisitions were made: 1 May 2017 Plant 146,666 10 July 2017 Car (CO2 emissions 110 g/km) 9,000 3 August 2017 Car (CO2 emissions 65 g/km) new 11,000 Venus disposed of plant on 1 November 2017 for 20,000 (original cost 28,000). Calculate the maximum capital allowances that Venus can claim for the period ending 31 December 2017. Venus is a sole trader and has prepared accounts to 30 April each year. At 30 April 2017, the tax written down value of her main pool was 66,667. She decides to prepare her next set of accounts to 31 December 2017. In the period to 31 December 2017, the following acquisitions were made: 1 May 2017 Plant 146,666 10 July 2017 Car (CO2 emissions 110 g/km) 9,000 3 August 2017 Car (CO2 emissions 65 g/km) new 11,000 Venus disposed of plant on 1 November 2017 for 20,000 (original cost 28,000). Calculate the maximum capital allowances that Venus can claim for the period ending 31 December 2017
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started